Checking in on Kirby Corp. (KEX) after recent insiders movement

In a filing, Kirby Corp. revealed its Exec VP and CFO Kumar Raj unloaded Company’s shares for reported $0.15 million on Mar 05 ’24. In the deal valued at $90.00 per share,1,670 shares were sold. As a result of this transaction, Kumar Raj now holds 3,947 shares worth roughly $0.35 million.

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Then, Kumar Raj sold 1,670 shares, generating $146,960 in total proceeds. Upon selling the shares at $88.00, the Exec VP and CFO now owns 5,617 shares.

Before that, STEWART RICHARD ROSS sold 3,000 shares. Kirby Corp. shares valued at $256,860 were divested by the Director at a price of $85.62 per share. As a result of the transaction, STEWART RICHARD ROSS now holds 21,660 shares, worth roughly $1.9 million.

BTIG Research upgraded its Kirby Corp. [KEX] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in mid October from “a Hold” to “a Buy”. Gabelli & Co also remained covering KEX and has decreased its forecast on May 07, 2021 with a “Hold” recommendation from previously “Buy” rating. BofA Securities revised its rating on November 18, 2020. It rated KEX as “a Buy” which previously was an “a Neutral”.

Price Performance Review of KEX

On Tuesday, Kirby Corp. [NYSE:KEX] saw its stock jump 1.34% to $87.70. Over the last five days, the stock has lost -0.61%. Kirby Corp. shares have risen nearly 11.75% since the year began. Nevertheless, the stocks have risen 24.15% over the past one year. While a 52-week high of $90.21 was reached on 03/07/24, a 52-week low of $64.92 was recorded on 01/11/24. SMA at 50 days reached $82.57, while 200 days put it at $79.65. A total of 0.33 million shares were traded, compared to the trading of 0.39 million shares in the previous session.

Levels Of Support And Resistance For KEX Stock

The 24-hour chart illustrates a support level at 86.69, which if violated will result in even more drops to 85.67. On the upside, there is a resistance level at 88.30. A further resistance level may holdings at 88.89. The Relative Strength Index (RSI) on the 14-day chart is 57.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.23%. Stochastics %K at 46.78% indicates the stock is a holding.

How much short interest is there in Kirby Corp.?

A steep rise in short interest was recorded in Kirby Corp. stocks on Feb 29, 2024, growing by 20000.0 shares to a total of 1.03 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.01 million shares. There was a rise of 1.94%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.99% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.45.

The most recent change occurred on April 16, 2020 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating along with a $65 price target.

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