In a filing, Kirby Corp. revealed its President-Kirby Engine Systems STRAHAN DORMAN LYNN unloaded Company’s shares for reported $0.33 million on Mar 27 ’24. In the deal valued at $95.11 per share,3,423 shares were sold. As a result of this transaction, STRAHAN DORMAN LYNN now holds 21,054 shares worth roughly $2.1 million.
Then, MILLER SCOTT P sold 6,705 shares, generating $637,310 in total proceeds. Upon selling the shares at $95.05, the VP – CIO now owns 1,000 shares.
Before that, Kumar Raj sold 2,228 shares. Kirby Corp. shares valued at $204,976 were divested by the Exec VP and CFO at a price of $92.00 per share. As a result of the transaction, Kumar Raj now holds 1,719 shares, worth roughly $0.17 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 Monday, Kirby Corp. [NYSE:KEX] saw its stock jump 0.72% to $99.55. Over the last five days, the stock has gained 5.18%. Kirby Corp. shares have risen nearly 26.85% since the year began. Nevertheless, the stocks have risen 44.97% over the past one year. While a 52-week high of $99.22 was reached on 04/08/24, a 52-week low of $66.42 was recorded on 01/11/24. SMA at 50 days reached $88.25, while 200 days put it at $81.36. A total of 0.58 million shares were traded, compared to the trading of 21489.0 shares in the previous session.
Levels Of Support And Resistance For KEX Stock
The 24-hour chart illustrates a support level at 98.79, which if violated will result in even more drops to 98.02. On the upside, there is a resistance level at 100.14. A further resistance level may holdings at 100.72. The Relative Strength Index (RSI) on the 14-day chart is 82.43, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.66%. Stochastics %K at 94.92% indicates the stock is a selling.
How much short interest is there in Kirby Corp.?
A steep rise in short interest was recorded in Kirby Corp. stocks on Mar 15, 2024, growing by 30000.0 shares to a total of 1.13 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.1 million shares. There was a rise of 2.65%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.19% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.11.
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.
