Large Inflow of Money Detected in Targa Resources

Targa Resources (TRGP) : Thursdays money flow points at investors jumping to buy the stock on the weakness of price. $17.29 million worth of transactions were on upticks, whereas, the downticks accounted for $11.39 million worth of transactions. The net money flow was a positive $5.9 million and the uptick to downtick ratio was 1.52. The net money flow into the stock was $6.41 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $6.41 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Targa Resources (TRGP) was trading at $42.73, down $0.12 during day. The stock slid -0.28% over the previous days close. For the week, the stock recorded 0.94% over the previous weeks close.


The stock has recorded a 20-day Moving Average of 2.21% and the 50-Day Moving Average is 1.87%. Shares have dropped -53.20% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $92.13 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $42.17 and the 200 Day Moving Average price is recorded at $32.00.

Targa Resources (NYSE:TRGP): The stock opened at $43.43 on Thursday but the bulls could not build on the opening and the stock topped out at $43.74 for the day. The stock traded down to $42.50 during the day, due to lack of any buying support eventually closed down at $42.73 with a loss of -0.28% for the day. The stock had closed at $42.85 on the previous day. The total traded volume was 1,396,994 shares.

In an insider trading activity,The director officer (See Remarks) of Targa Resources Corp., Whalen James W sold 25,000 shares at $40 on June 13, 2016. The Insider selling transaction had a total value worth of $1,000,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Targa Resources Corp. (Traga), through its general and limited partner interests in Targa Resources Partners LP (the Partnership), is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States. The Partnership is engaged in the business of gathering, compressing, treating, processing and selling natural gas and storing, fractionating, treating, transporting, terminaling and selling NGLs, NGL products, and gathering, storing and terminaling crude oil and refined petroleum products. The Company operates in two divisions Gathering and Processing and Logistics and Marketing. Gathering and Processing includes Field Gathering and Processing and Coastal Gathering and Processing. Logistics and Marketing includes Logistics Assets and Marketing and Distribution.

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