In a filing, Targa Resources Corp revealed its Director Cooksen Lindsey unloaded Company’s shares for reported $0.21 million on Feb 28 ’25. In the deal valued at $198.14 per share,1,050 shares were sold. As a result of this transaction, Cooksen Lindsey now holds 11,075 shares worth roughly $2.27 million.
Then, Chung Paul W sold 6,222 shares, generating $1,262,532 in total proceeds. Upon selling the shares at $202.91, the Director now owns 35,920 shares.
Before that, PAUL W CHUNG bought 6,222 shares. Targa Resources Corp shares valued at $1,262,532 were divested by the Director at a price of $202.91 per share.
Scotiabank started covering the stock on March 02, 2023. It rated TRGP as “a Sector outperform”.
Price Performance Review of TRGP
On Monday, Targa Resources Corp [NYSE:TRGP] saw its stock jump 3.83% to $204.96. Over the last five days, the stock has gained 4.25%. Targa Resources Corp shares have risen nearly 14.82% since the year began. Nevertheless, the stocks have risen 87.90% over the past one year. While a 52-week high of $218.51 was reached on 01/22/25, a 52-week low of $110.09 was recorded on 03/10/25. SMA at 50 days reached $199.39, while 200 days put it at $167.41.
Levels Of Support And Resistance For TRGP Stock
The 24-hour chart illustrates a support level at 201.39, which if violated will result in even more drops to 197.83. On the upside, there is a resistance level at 207.13. A further resistance level may holdings at 209.31. The Relative Strength Index (RSI) on the 14-day chart is 59.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.47, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.61%. Stochastics %K at 88.73% indicates the stock is a selling.
How much short interest is there in Targa Resources Corp?
A steep rise in short interest was recorded in Targa Resources Corp stocks on 2025-02-28, growing by 75438.0 shares to a total of 3.79 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 3.72 million shares. There was a rise of 1.99%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 09, 2022 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $95 price target.
