Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Targa Resources Corp shares valued at $1,024,716 were purchased by Boushka Julie H. on Mar 24 ’25. At $204.94 per share, Boushka Julie H. acquired 5,000 shares.
Also, Cooksen Lindsey sold 1,050 shares, netting a total of over 208,042 in proceeds. Following the sale of shares at $198.14 each, the insider now holds 11,075 shares.
Before that, Chung Paul W had sold 6,222 shares from its account. In a trade valued at $1,262,532, the Director traded Targa Resources Corp shares for $202.91 each. Upon closing the transaction, the insider’s holdings decreased to 6,222 shares, worth approximately $7.26 million.
Earlier on March 02, 2023, Scotiabank initiated its rating. Their recommendation was “a Sector outperform” for TRGP stock.
Analyzing TRGP Stock Performance
During the last five days, there has been a surge of approximately 1.55%. Over the course of the year, Targa Resources Corp shares have jumped approximately 13.19%. Shares of the company reached a 52-week high of $218.51 on 01/22/25 and a 52-week low of $175.85 on 03/10/25. A 50-day SMA is recorded $199.73, while a 200-day SMA reached $168.26.
Support And Resistance Levels for Targa Resources Corp (TRGP)
According to the 24-hour chart, there is a support level at 199.31, which, if violated, would cause prices to drop to 196.57. In the upper region, resistance lies at 206.35. The next price resistance is at 210.65. RSI (Relative Strength Index) is 56.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 11.26, which suggests the price will increase in the coming days. Percent R is at 18.79%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
