Large Outflow of Money Witnessed in Targa Resources

Targa Resources (TRGP) : The value of composite uptick trades was $10.74 million, whereas, the value of composite downtick trades was $17.62 million. The uptick to downtick ratio stood at 0.61 with a negative money flow of ($6.87) Million during Tuesdays trading session. The block trades money flow was negative ($5.6 million).The uptick to the downtick ratio of 0.23 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $1.72 million. The transaction of the trades on downticks amounted to $7.32 million, which confirms investors selling on the strength of price. Targa Resources (TRGP) gained 38 cents at $42.71, an increase of 0.9% over the previous days close.


The company Insiders own 3% of Targa Resources shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.23% . Institutional Investors own 79.94% of Targa Resources shares. During last six month period, the net percent change held by insiders has seen a change of -13.23%. 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.

Shares of Targa Resources Corp. rose by 7.24% in the last five trading days and 9.16% for the last 4 weeks. Targa Resources Corp. is up 41.35% in the last 3-month period. Year-to-Date the stock performance stands at 74.87%.

Targa Resources (NYSE:TRGP): stock turned positive on Tuesday. Though the stock opened at $43.61, the bulls momentum made the stock top out at $45.37 level for the day. The stock recorded a low of $43.51 and closed the trading day at $44.43, in the green by 4.03%. The total traded volume for the day was 2,304,930. The stock had closed at $42.71 in the previous days trading.

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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