Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kennedy-Wilson Holdings Inc shares valued at $1,232,000 were purchased by MCMORROW WILLIAM J on Nov 06 ’23. At $12.32 per share, MCMORROW WILLIAM J acquired 100,000 shares. The insider’s holdings grew to 8,599,517 shares worth approximately $72.92 million following the completion of this transaction.
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As published in a research note from BofA Securities on November 07, 2023, Kennedy-Wilson Holdings Inc [KW] has been rated down from a Neutral to an Underperform and the price target has been revised to $6 from $18. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of September 08, 2020, Deutsche Bank has increased its “Hold” rating to a “Buy” for KW. Earlier on January 27, 2020, BofA/Merrill initiated its rating. Their recommendation was “a Neutral” for KW stock.
Analyzing KW Stock Performance
During the last five days, there has been a surge of approximately 5.60%. Over the course of the year, Kennedy-Wilson Holdings Inc shares have dropped approximately -31.50%. Shares of the company reached a 52-week high of $12.74 on 01/02/24 and a 52-week low of $7.85 on 03/14/24. A 50-day SMA is recorded $9.74, while a 200-day SMA reached $13.32. Nevertheless, trading volume fell to 1.15 million shares from 1.46 million shares the previous day.
Support And Resistance Levels for Kennedy-Wilson Holdings Inc (KW)
According to the 24-hour chart, there is a support level at 8.33, which, if violated, would cause prices to drop to 8.18. In the upper region, resistance lies at 8.61. The next price resistance is at 8.74. RSI (Relative Strength Index) is 41.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 33.68%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Kennedy-Wilson Holdings Inc subject to short interest?
Stocks of Kennedy-Wilson Holdings Inc saw a sharp rise in short interest on Feb 29, 2024 jumping by 1.62 million shares to 8.12 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 6.5 million shares. A jump of 19.95% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.97 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.97.
