Insider Selling: Hsu Michael D., Kimberly-Clark Corporation [KMB] Chief Executive Officer divested 41,698 shares

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Kimberly-Clark Corporation shares valued at $5,840,943 were sold by Hsu Michael D. on May 12. At $140.08 per share, Hsu Michael D. sold 41,698 shares. The insider’s holdings dropped to 89,593 shares worth approximately $10.81 million following the completion of this transaction.

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Also, Wilkinson Tristram sold 2,069 shares, netting a total of over 283,801 in proceeds. Following the sale of shares at $137.17 each, the insider now holds 14,102 shares.

Before that, Cunningham Doug had sold 4,242 shares from its account. In a trade valued at $581,154, the President, EMEA traded Kimberly-Clark Corporation shares for $137.00 each. Upon closing the transaction, the insider’s holdings decreased to 4,242 shares, worth approximately $0.0.

Analysts at Bernstein downgraded the stock from ‘”a Mkt perform”‘ to ‘”an Underperform”‘ outlook in a report released in early February. As of January 27, 2022, Wells Fargo has reiterated its “an Equal weight” rating for KMB. Earlier on January 27, 2022, UBS resumed its rating. Their recommendation was “a Neutral” for KMB stock.

Analyzing KMB’s Price Performance

On Thursday, Kimberly-Clark Corporation [NYSE: KMB] plunged -0.02% to $120.71. The stock’s lowest price that day was $119.9263, but it reached a high of $121.5475 in the same session. During the last five days, there has been a drop of approximately -0.58%. Over the course of the year, Kimberly-Clark Corporation shares have dropped approximately -15.54%. Shares of the company reached a 52-week high of $145.79 on 01/10/22 and a 52-week low of $117.32 on 03/14/22. A 50-day SMA is recorded $130.72, while a 200-day SMA reached $132.39. Nevertheless, trading volume fell to 1.25 million shares from 1.23 million shares the previous day.

Support And Resistance Levels for Kimberly-Clark Corporation (KMB)

According to the 24-hour chart, there is a support level at 119.91, which, if violated, would cause prices to drop to 119.11. In the upper region, resistance lies at 121.53. The next price resistance is at 122.35. RSI (Relative Strength Index) is 29.38 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.84, which suggests the price will decrease in the coming days. Percent R is at 92.03%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Kimberly-Clark Corporation subject to short interest?

Stocks of Kimberly-Clark Corporation saw a sharp rise in short interest on Jul 14, 2022 jumping by 80000.0 shares to 6.9 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 6.82 million shares. A jump of 1.16% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.38 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.38.

Which companies own the most shares of Kimberly-Clark Corporation (KMB)?

According to The Vanguard Group, Inc. filings, the company currently owns 27,221,798 shares, which is about 8.06% of the total KMB shares outstanding. The investor’s shares have appreciated by 481,431 from its previous 13-F filing of 26740367.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $2,479,625,252. SSgA Funds Management, Inc. acquire a 3.36% interest valued at $2.38 billion while Capital Research & Management Co sold a -1,322,458 stake. A total of -819,798 shares of Kimberly-Clark Corporation were sold by T. Rowe Price Associates, Inc. during the quarter, and -52,551 were sold by Massachusetts Financial Services. In its current portfolio, Geode Capital Management LLC holds 6,108,176 shares valued at $778.91 million.


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