Summit Midstream Corp’s recent filing unveils that its 10% Owner Connect Midstream, LLC acquired Company’s shares for reported $1.49 million on Aug 26 ’25. In the deal valued at $20.46 per share,72,759 shares were bought. As a result of this transaction, Connect Midstream, LLC now holds 72,759 shares worth roughly $1.67 million.
Then, Connect Midstream, LLC bought 47,401 shares, generating $971,720 in total proceeds. Upon buying the shares at $20.50, the 10% Owner now owns 120,160 shares.
Before that, Deneke J Heath sold 1,000 shares. Summit Midstream Corp shares valued at $35,330 were divested by the Chairman, President and CEO at a price of $35.33 per share. As a result of the transaction, Deneke J Heath now holds 267,170 shares, worth roughly $6.15 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 jump 10.04% to $23.02. Over the last five days, the stock has gained 11.32%. Summit Midstream Corp shares have fallen nearly -37.00% since the year began. Nevertheless, the stocks have fallen -39.07% over the past one year. While a 52-week high of $45.89 was reached on 02/18/25, a 52-week low of $19.13 was recorded on 08/21/25.
Levels Of Support And Resistance For SMC Stock
The 24-hour chart illustrates a support level at 22.00, which if violated will result in even more drops to 20.99. On the upside, there is a resistance level at 23.96. A further resistance level may holdings at 24.90.
How much short interest is there in Summit Midstream Corp?
A steep rise in short interest was recorded in Summit Midstream Corp stocks on 2025-08-15, dropping by 29811.0 shares to a total of 0.41 million shares. Yahoo Finance data shows the prior-month short interest on 2025-07-15 was 0.44 million shares. There was a decline of -7.33%, which implies that there is a negative sentiment for the stock.
