Summit Midstream Corp’s filing revealed 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 $7.2 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 $7.28 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 Friday, Summit Midstream Corp [NYSE:SMC] saw its stock fall -0.04% to $26.94. Over the last five days, the stock has lost -6.56%. Summit Midstream Corp shares have fallen nearly -28.69% since the year began. Nevertheless, the stocks have fallen -17.89% over the past one year. While a 52-week high of $45.89 was reached on 02/18/25, a 52-week low of $25.00 was recorded on 05/08/25. SMA at 50 days reached $30.46, while 200 days put it at $35.86.
Levels Of Support And Resistance For SMC Stock
The 24-hour chart illustrates a support level at 26.55, which if violated will result in even more drops to 26.17. On the upside, there is a resistance level at 27.14. A further resistance level may holdings at 27.35. The Relative Strength Index (RSI) on the 14-day chart is 39.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.98%. Stochastics %K at 35.50% indicates the stock is a holding.
How much short interest is there in Summit Midstream Corp?
A steep rise in short interest was recorded in Summit Midstream Corp stocks on 2025-04-30, growing by 49096.0 shares to a total of 0.18 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-31 was 0.13 million shares. There was a rise of 27.4%, which implies that there is a positive sentiment for the stock.
