TC Energy ( (TSE:TRP) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
TC Energy’s stock is experiencing a downturn primarily due to insider selling activity, which signals negative sentiment among investors. Despite this, Barclays has raised the company’s price target, citing resilience in its gas operations even as there are potential downsides for sectors exposed to liquid markets. Additionally, TC Energy’s recent $350 million notes offering and plans for share redemption could also play a role in shaping investor perceptions.
More about TC Energy
YTD Price Performance: 17.66%
Average Trading Volume: 1,807,843
Technical Sentiment Signal: Buy
Current Market Cap: $54.77B
For further insights into TRP stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.