KEY stock rated a Neutral by JP Morgan


KeyCorp’s filing revealed that its Director Rankin Devina A acquired Company’s shares for reported $0.11 million on Aug 10. In the deal valued at $11.49 per share,10,000 shares were bought. As a result of this transaction, Rankin Devina A now holds 10,000 shares worth roughly $ 0.12 million.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.


Then, Brady Amy G. sold 12,627 shares, generating $125,260 in total proceeds. Upon selling the shares at $9.92, the Chief Information Officer now owns 94,106 shares.

Before that, Brady Amy G. sold 12,388 shares. KeyCorp shares valued at $125,243 were divested by the Chief Information Officer at a price of $10.11 per share. As a result of the transaction, Brady Amy G. now holds 106,733 shares, worth roughly $1.23 million.

JP Morgan upgraded its KeyCorp [KEY] rating to a Neutral from a an Underweight in a research note published on Friday, August 02, 2023; the price target was increased to $13.50 from $11.50. PT values the company’s stock at a premium of 14.37 to its Friday closing price.

Price Performance Review of KEY

On Friday, KeyCorp [NYSE:KEY] saw its stock jump 2.03% to $11.56. On the same session, the stock had its day’s lowest price of $11.42, but rose to a high of $11.67. Over the last five days, the stock has gained 6.25%. KeyCorp shares have fallen nearly -33.64% since the year began. Nevertheless, the stocks have fallen -34.65% over the past one year. While a 52-week high of $20.30 was reached on 02/02/23, a 52-week low of $8.53 was recorded on 05/04/23. SMA at 50 days reached $10.87, while 200 days put it at $13.76. A total of 11.29 million shares were traded, compared to the trading of 15.47 million shares in the previous session.

Levels Of Support And Resistance For KEY Stock

The 24-hour chart illustrates a support level at 11.43, which if violated will result in even more drops to 11.30. On the upside, there is a resistance level at 11.68. A further resistance level may holdings at 11.80. The Relative Strength Index (RSI) on the 14-day chart is 58.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.33%. Stochastics %K at 78.87% indicates the stock is a holding.

How much short interest is there in KeyCorp?

A steep rise in short interest was recorded in KeyCorp stocks on Aug 14, 2023, dropping by -11.14 million shares to a total of 40.54 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 51.68 million shares. There was a decline of -27.48%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.93% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.2.

KeyCorp [KEY] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 106,517,901 shares, or roughly 11.39% of the outstanding KEY shares. In other words, the investor’s shares have fallen by -360,729 from its previous 13-F filing of 106878630.0. Additionally, BlackRock Fund Advisors increased 3.54% of its stake after which the total value it holdings stand at $812,365,632, while SSgA Funds Management, Inc. added 2.60% of its stake to hold $580.95 million in the firm. Over the last quarter, Fuller & Thaler Asset Management, purchased 14,395,440 shares of KeyCorp, while Charles Schwab Investment Managem bought 1,098,252 shares. At present, Geode Capital Management LLC is holding 19,700,010 shares valued at $242.51 million. Invesco Capital Management LLC owned 16,943,957 shares of the company at the time of its most recent 13F filing, worth $208.58 million.

According to FactSet, KeyCorp’s share price will average $13.06 in the next year, based on opinions of analysts polled by the firm. This is up nearly 14.74 percent from its previous closing price of $11.33. Analysts expect KeyCorp stock to reach the higher price of $18.00, while the lowest price estimate is $10.00. However, 23 analysts have rated KEY stock as an Overweight in their predictions for 2023.


Please enter your comment!
Please enter your name here