Recent discussions on X about Summit Midstream Corporation (SMC) have been notably active, with a focus on the stock's performance and insider activity. Several posts highlight a significant insider buy reported above $20 per share, sparking interest among traders who see potential for a sharp upward movement. The low float of shares is frequently mentioned as a factor that could amplify price volatility.
Additionally, there is chatter about improved earnings and the stock reversing off its 52-week lows, fueling speculation about a possible rally. The sentiment on the platform appears to lean toward optimism, though some caution remains due to the stock's historical fluctuations. These discussions reflect a keen interest in SMC's near-term trajectory among retail investors.
Note: This discussion summary was generated from an AI condensation of post data.
Summit Midstream Corporation Insider Trading Activity
Summit Midstream Corporation insiders have traded $SMC stock on the open market 39 times in the past 6 months. Of those trades, 2 have been purchases and 37 have been sales.
Here’s a breakdown of recent trading of $SMC stock by insiders over the last 6 months:
- MIDSTREAM, LLC CONNECT has made 2 purchases buying 120,160 shares for an estimated $2,460,369 and 0 sales.
- J HEATH DENEKE (Chairman, President and CEO) has made 0 purchases and 34 sales selling 21,000 shares for an estimated $803,272.
- JERRY L PETERS has made 0 purchases and 3 sales selling 10,055 shares for an estimated $381,769.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
