Positive sentiment towards KMI reflected by a fall of -2.69% in short interest

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Kinder Morgan Inc shares valued at $135,000 were sold by Schlosser John W on Jan 03. At $18.00 per share, Schlosser John W sold 7,500 shares. The insider’s holdings dropped to 3,219 shares worth approximately $53338.83 following the completion of this transaction.

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Also, Sanders Dax sold 50,000 shares, netting a total of over 881,610 in proceeds. Following the sale of shares at $17.63 each, the insider now holds 309,069 shares.

Before that, Mathews Denise R had sold 30,000 shares from its account. In a trade valued at $526,536, the VP and Chief Admin. Officer traded Kinder Morgan Inc shares for $17.55 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $1.31 million.

Analyzing KMI Stock Performance

During the last five days, there has been a drop of approximately -0.48%. Over the course of the year, Kinder Morgan Inc shares have dropped approximately -6.07%. Shares of the company reached a 52-week high of $18.24 on 01/04/24 and a 52-week low of $16.47 on 02/13/24. A 50-day SMA is recorded $17.42, while a 200-day SMA reached $17.07. Nevertheless, trading volume fell to 14.25 million shares from 15.18 million shares the previous day.

Support And Resistance Levels for Kinder Morgan Inc (KMI)

According to the 24-hour chart, there is a support level at 16.49, which, if violated, would cause prices to drop to 16.41. In the upper region, resistance lies at 16.65. The next price resistance is at 16.72. RSI (Relative Strength Index) is 35.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.22, which suggests the price will decrease in the coming days. Percent R is at 90.20%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Kinder Morgan Inc subject to short interest?

Stocks of Kinder Morgan Inc saw a sharp steep in short interest on Jan 31, 2024 dropping by -0.85 million shares to 31.54 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2023 was 32.39 million shares. A decline of -2.69% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2 of the overall float, the days-to-cover ratio (short ratio) decline to 2.

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