Kirby Corporation’s recent filing unveils that its Director STEWART RICHARD ROSS unloaded Company’s shares for reported $0.26 million on Sep 12. In the deal valued at $85.72 per share,3,000 shares were sold. As a result of this transaction, STEWART RICHARD ROSS now holds 24,660 shares worth roughly $ 2.08 million.
Then, ALARIO RICHARD J sold 3,000 shares, generating $255,720 in total proceeds. Upon selling the shares at $85.24, the Director now owns 25,313 shares.
Before that, ALARIO RICHARD J sold 3,000 shares. Kirby Corporation shares valued at $254,160 were divested by the Director at a price of $84.72 per share. As a result of the transaction, ALARIO RICHARD J now holds 28,313 shares, worth roughly $2.39 million.
BTIG Research upgraded its Kirby Corporation [KEX] rating to a Buy from a a Neutral in a research note published on Monday. PT values the company’s stock at a premium of -5.3 to its Monday closing price.
Price Performance Review of KEX
On Monday, Kirby Corporation [NYSE:KEX] saw its stock fall -0.88% to $84.24. On the same session, the stock had its day’s lowest price of $84.17, but rose to a high of $85.89. Over the last five days, the stock has lost -0.70%. Kirby Corporation shares have risen nearly 30.91% since the year began. Nevertheless, the stocks have risen 25.56% over the past one year. While a 52-week high of $87.52 was reached on 09/14/23, a 52-week low of $57.64 was recorded on 01/19/23. SMA at 50 days reached $80.76, while 200 days put it at $72.55. A total of 0.62 million shares were traded, compared to the trading of 0.76 million shares in the previous session.
Levels Of Support And Resistance For KEX Stock
The 24-hour chart illustrates a support level at 83.64, which if violated will result in even more drops to 83.05. On the upside, there is a resistance level at 85.36. A further resistance level may holdings at 86.49. The Relative Strength Index (RSI) on the 14-day chart is 57.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 50.09%. Stochastics %K at 63.88% indicates the stock is a holding.
How much short interest is there in Kirby Corporation?
A steep rise in short interest was recorded in Kirby Corporation stocks on Aug 30, 2023, growing by 0.24 million shares to a total of 1.19 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 0.95 million shares. There was a rise of 19.77%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.01% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.24.
Kirby Corporation [KEX] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 6,039,100 shares, or roughly 10.15% of the outstanding KEX shares. In other words, the investor’s shares have risen by 139,046 from its previous 13-F filing of 5900054.0. Additionally, BlackRock Fund Advisors decreased -2.42% of its stake after which the total value it holdings stand at $388,508,814, while Atlanta Capital Management Co. LL reduced -0.96% of its stake to hold $315.74 million in the firm. Over the last quarter, Neuberger Berman Investment Advis sold -84,377 shares of Kirby Corporation, while Dimensional Fund Advisors LP sold 68,693 shares. At present, Luther King Capital Management Co is holding 2,068,636 shares valued at $171.35 million. Wellington Management Co. LLP owned 1,893,164 shares of the company at the time of its most recent 13F filing, worth $156.81 million.
According to FactSet, Kirby Corporation’s share price will average $98.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 15.9 percent from its previous closing price of $84.99. Analysts expect Kirby Corporation stock to reach the higher price of $105.00, while the lowest price estimate is $95.00. However, 7 analysts have rated KEX stock as a Buy in their predictions for 2023.