Are Insiders Shedding Shares of Summit Midstream Partners, LP (NYSE:SMLP)?

Corporate insiders at Summit Midstream Partners, LP (NYSE:SMLP) have decreased their position in the stock by -97.48% over the past 6 months. Insiders now own 0.30% of total outstanding shares.

TECHNICAL INDICATORS

Summit Midstream Partners, LP (NYSE:SMLP) stands -5.22% away from its 50-day simple moving average and also -5.52% away from the 200-day average.  Recently, the equity stands -16.54% away from the 52-week high and 10.83% from the 52-week low.  The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 41.03.

RECOMMENDATIONS

The consensus analysts recommendation at this point stands at 2.40 for Summit Midstream Partners, LP.  This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. Further, analysts have a 12 month target price of $26.08 on company shares.  This is according to the analysts polled by Thomson Reuters which have recently published research reports on the firm. 

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