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Stocks in Focus: Targa Resources Corp. (TRGP), Symantec Corporation (SYMC), Twitter, Inc. (TWTR)

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Targa Resources Corp. (TRGP) had a light trading with around 1.9M shares changing hands compared to its three month average trading volume of 2.15M. The stock traded between $57.13 and $58.23 before closing at the price of $57.62 with 0.79% change on the day. The Houston Texas 77002 based company is currently trading 330.87% above its 52 week low of $14.55 and -4.44% below its 52 week high of $61.25. Both the RSI indicator and target price of 53.25 and $56.94 respectively, lead us to believe that it should be put on hold over the coming weeks.

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. The company operates in two divisions, Gathering and Processing, and Logistics and Marketing. It is involved in gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, terminaling, and selling NGLs and NGL products; and gathering, storing, and terminaling crude oil and refined petroleum products. The company also purchases and resells component NGL products; sells propane and provides related logistics services to multi-state retailers, independent retailers, and other end-users; offers NGL balancing services; and provides transportation services to refineries and petrochemical companies in the Gulf Coast area. It operates approximately 23,630 miles of natural gas pipelines, including 28 owned and operated processing plants; and 39 storage wells with a net storage capacity of approximately 64 million barrels. As of December 31, 2015, the company leased and managed approximately 716 railcars; 80 owned and leased transport tractors; and 20 company-owned pressurized NGL barges. Targa Resources Corp. was founded in 2005 and is headquartered in Houston, Texas.

Symantec Corporation (SYMC) managed to rebound with the stock climbing 1.03% or $0.28 to close the day at $27.55 on active trading volume of 9.92M shares, compared to its three month average trading volume of 8.1M. The Mountain View California 94043 based company has been outperforming the security software & services group over the past 52 weeks, with the stock gaining 76.47%, compared to the industry which has advanced 43.66% over the same period. With RSI of 78.86, the stock should still continue to rise and get closer to its one year target estimate of $26.95, making it a hold for now.

Symantec Corporation, together with its subsidiaries, provides cybersecurity solutions worldwide. It operates through two segments, Consumer Security and Enterprise Security. The Consumer Security segment offers Norton-branded services that provide multi-layer security and identity protection on desktop and mobile operating systems to defend against online threats to individuals, families, and small businesses. Its Norton Security products help customers protect against complex threats and address the need for identity protection, while also managing mobile and digital data, such as personal financial records, photos, music, and videos. The Enterprise Security segment provides threat protection products, information protection products, cyber security services, and Website security offerings. Its products protect customer data from threats, such as advanced protection threats, malicious spam and phishing attacks, malware, drive-by Website infections, hackers, and cyber criminals; prevent the loss of confidential data by insiders; and help customers achieve and maintain compliance with laws and regulations. This segment delivers its solutions through various methods, such as software, appliance, software-as-a-service, and managed services. The company serves individuals, households, and small businesses; small, medium, and large enterprises; and government and public sector customers. It markets and sells its products and related services through direct sales force, e-commerce platforms, distributors, direct marketers, Internet-based resellers, system builders, Internet service providers, wireless carriers, retailers, original equipment manufacturers, and retail and online stores. Symantec Corporation was founded in 1982 and is headquartered in Mountain View, California.

Twitter, Inc. (TWTR) shares were up in last trading by 4.01% to $17.62. It experienced higher than average volume on day. The stock increased in value by almost 6.66% over the past week and grew 7.5% in the past month. It is currently trading -0.35% below its 50 day moving average and 0.34% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -30.22% decrease in value from its one year high of $25.25. The RSI indicator value of 57.67, lead us to believe that it is a hold for now.

Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to create, distribute, and discover content; and Periscope and Vine, a mobile application that enables user to broadcast and watch video live. It also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends that enable its advertisers to promote their brands, products, and services; and subscription access to its data feed for data partners. In addition, the company offers a set of tools, public APIs, and embeddable widgets for developers to contribute their content to its platform; syndicate and distribute Twitter content across their properties; and enhance their Websites and applications with Twitter content. Twitter, Inc. was founded in 2006 and is headquartered in San Francisco, California.

 

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