KeyCorp [KEY] stock for 91,468 USD was sold by Highsmith Carlton L

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. KeyCorp shares valued at $91,468 were sold by Highsmith Carlton L on Sep 14. At $17.59 per share, Highsmith Carlton L sold 5,200 shares. The insider’s holdings dropped to 64,139 shares worth approximately $1.1 million following the completion of this transaction.

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Also, Highsmith Carlton L sold 5,362 shares, netting a total of over 122,575 in proceeds. Following the sale of shares at $22.86 each, the insider now holds 64,874 shares.

Before that, Warder Jamie had sold 9,632 shares from its account. In a trade valued at $238,874, the Head of Digital Banking traded KeyCorp shares for $24.80 each. Upon closing the transaction, the insider’s holdings decreased to 9,632 shares, worth approximately $0.38 million.

As published in a research note from Wedbush on June 30, 2022, KeyCorp [KEY] has been rated down from an Outperform to a Neutral and the price target has been revised to $20 from $26. This represents a 14.35% premium over Wednesday’s closing price. Analysts at Piper Sandler downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in early May. As of April 11, 2022, Wells Fargo has increased its “an Underweight” rating to a “an Overweight” for KEY. Earlier on April 11, 2022, Jefferies downgraded its rating. Their new recommendation was “a Hold” for KEY stock which previously was a “a Buy”.

Analyzing KEY’s Price Performance

On Wednesday, KeyCorp [NYSE: KEY] plunged -2.73% to $17.13. The stock’s lowest price that day was $17.13, but it reached a high of $17.76 in the same session. During the last five days, there has been a drop of approximately -2.89%. Over the course of the year, KeyCorp shares have dropped approximately -25.94%. Shares of the company reached a 52-week high of $27.17 on 01/18/22 and a 52-week low of $16.41 on 07/14/22. A 50-day SMA is recorded $18.21, while a 200-day SMA reached $21.04. Nevertheless, trading volume fell to 10.82 million shares from 11.36 million shares the previous day.

Support And Resistance Levels for KeyCorp (KEY)

According to the 24-hour chart, there is a support level at 16.92, which, if violated, would cause prices to drop to 16.71. In the upper region, resistance lies at 17.55. The next price resistance is at 17.97. RSI (Relative Strength Index) is 38.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.36, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is KeyCorp subject to short interest?

Stocks of KeyCorp saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.7 million shares to 17.23 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 17.93 million shares. A decline of -4.06% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.86 of the overall float, the days-to-cover ratio (short ratio) decline to 1.86.

Which companies own the most shares of KeyCorp (KEY)?

According to The Vanguard Group, Inc. filings, the company currently owns 104,338,801 shares, which is about 11.19% of the total KEY shares outstanding. The investor’s shares have plunged by -3,109,476 from its previous 13-F filing of 107448277.0 shares. With the completion of the sale transaction, Capital Research & Management Co’s stake is now worth $1,471,385,793. BlackRock Fund Advisors acquire a 1.35% interest valued at $1.02 billion while SSgA Funds Management, Inc. sold a -3,106,714 stake. A total of 62,195 shares of KeyCorp were sold by Boston Partners Global Investors, during the quarter, and 418,100 were bought by Geode Capital Management LLC. In its current portfolio, Charles Schwab Investment Managem holds 16,155,012 shares valued at $285.78 million.

In terms of KeyCorp share price expectations, FactSet research, analysts set an average price target of $21.26 in the next 12 months, up nearly 19.25% from the previous closing price of $17.61. Analysts anticipate KeyCorp stock to reach $29.00 by 2022, with the lowest price target being $17.00. In spite of this, 22 analysts ranked KeyCorp stock as a Hold at the end of 2022.


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