Summit Midstream Corp’s recently made public that its Chairman, President and CEO Deneke J Heath unloaded Company’s shares for reported $35330.0 on Mar 27 ’25. In the deal valued at $35.33 per share,1,000 shares were sold. As a result of this transaction, Deneke J Heath now holds 267,170 shares worth roughly $7.14 million.
Then, Deneke J Heath sold 1,000 shares, generating $34,671 in total proceeds. Upon selling the shares at $34.67, the Chairman, President and CEO now owns 266,170 shares.
Before that, Deneke J Heath sold 1,000 shares. Summit Midstream Corp shares valued at $36,320 were divested by the Chairman, President and CEO at a price of $36.32 per share. As a result of the transaction, Deneke J Heath now holds 270,170 shares, worth roughly $7.22 million.
Wells Fargo downgraded its Summit Midstream Corp [SMC] rating to an Underweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid June from “a Buy” to “a Neutral”. RBC Capital Mkts also remained covering SMC and has decreased its forecast on April 29, 2019 with a “Sector perform” recommendation from previously “an Outperform” rating. Credit Suisse revised its rating on March 14, 2019. It rated SMC as “an Underperform” which previously was an “an Outperform”.
Price Performance Review of SMC
On Monday, Summit Midstream Corp [NYSE:SMC] saw its stock fall -8.96% to $26.72. Over the last five days, the stock has lost -21.16%. Summit Midstream Corp shares have fallen nearly -29.27% since the year began. Nevertheless, the stocks have fallen -5.62% over the past one year. While a 52-week high of $45.89 was reached on 02/18/25, a 52-week low of $27.00 was recorded on 04/07/25. SMA at 50 days reached $39.59, while 200 days put it at $37.15.
Levels Of Support And Resistance For SMC Stock
The 24-hour chart illustrates a support level at 25.11, which if violated will result in even more drops to 23.49. On the upside, there is a resistance level at 29.07. A further resistance level may holdings at 31.42. The Relative Strength Index (RSI) on the 14-day chart is 24.44, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.94%. Stochastics %K at 7.54% indicates the stock is a buying.
How much short interest is there in Summit Midstream Corp?
A steep rise in short interest was recorded in Summit Midstream Corp stocks on 2025-03-14, dropping by 16232.0 shares to a total of 53029.0 shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 69261.0 shares. There was a decline of -30.61%, which implies that there is a negative sentiment for the stock.
