Targa Resources Shares Dip 0.17% on 45.3% Volume Surge Rank 394th as Insiders Buy and Sell Shares

Targa Resources (TRGP) closed on August 19, 2025, with a 0.17% decline, while its daily trading volume surged to $0.25 billion, a 45.3% increase from the prior day, ranking it 394th in market activity. Two insider transactions were disclosed via SEC Form 4 filings, highlighting contrasting positions in the stock. D. Scott Pryor, a company officer, sold 20,000 shares at an average price of $165.35, reducing his indirect holdings through the Pryor Trust. Meanwhile, Matthew J. Meloy, a director and CEO, acquired 24,942 shares, increasing his direct ownership to 685,686 shares. These actions suggest mixed signals from insiders, with one divesting while another builds a position.

The transactions occurred amid broader midstream energy sector activity, though no sector-wide trends were explicitly tied to TRGP. The sale by Pryor, a logistics executive, may reflect personal portfolio adjustments, while Meloy’s purchase could signal confidence in operational or strategic stability. Market reaction to such insider activity often depends on context, but the lack of additional corporate announcements or earnings reports limited immediate catalysts for price movement. The stock’s modest decline despite elevated volume suggests short-term positioning by traders rather than a directional shift in investor sentiment.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day from 2022 to 2025 yielded a 1-day return of 0.98%, with a total return of 31.52% over 365 days. This indicates the approach captured some short-term momentum but also reflected market volatility and timing risks inherent in such strategies.