Keycorp’s filing revealed that its Director Highsmith Carlton L unloaded Company’s shares for reported $0.11 million on Mar 08 ’24. In the deal valued at $15.10 per share,7,500 shares were sold. As a result of this transaction, Highsmith Carlton L now holds 53,577 shares worth roughly $0.83 million.
Then, Gavrity Kenneth C sold 2,376 shares, generating $33,335 in total proceeds. Upon selling the shares at $14.03, the Head of Commercial Bank now owns 98,120 shares.
Before that, Schosser Douglas M sold 3,326 shares. Keycorp shares valued at $46,564 were divested by the Chief Accounting Officer at a price of $14.00 per share. As a result of the transaction, Schosser Douglas M now holds 19,795 shares, worth roughly $0.31 million.
Jefferies upgraded its Keycorp [KEY] rating to a Buy from a a Hold in a research note published on January 09, 2024; the price target was increased to $17 from $10. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in early January with a ‘”a Mkt perform”‘ rating. Stephens also remained covering KEY and has increased its forecast on December 20, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Wells Fargo maintained its rating on December 14, 2023. It rated KEY as “an Overweight”.
Price Performance Review of KEY
On Monday, Keycorp [NYSE:KEY] saw its stock jump 2.59% to $15.45. Over the last five days, the stock has lost -0.26%. Keycorp shares have risen nearly 7.29% since the year began. Nevertheless, the stocks have risen 33.65% over the past one year. While a 52-week high of $15.86 was reached on 03/28/24, a 52-week low of $8.53 was recorded on 01/18/24. SMA at 50 days reached $14.60, while 200 days put it at $12.42. A total of 8.26 million shares were traded, compared to the trading of 1.97 million shares in the previous session.
Levels Of Support And Resistance For KEY Stock
The 24-hour chart illustrates a support level at 15.22, which if violated will result in even more drops to 15.00. On the upside, there is a resistance level at 15.59. A further resistance level may holdings at 15.74. The Relative Strength Index (RSI) on the 14-day chart is 58.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.26%. Stochastics %K at 58.89% indicates the stock is a holding.
How much short interest is there in Keycorp?
A steep rise in short interest was recorded in Keycorp stocks on Mar 15, 2024, dropping by -0.29 million shares to a total of 26.59 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 26.88 million shares. There was a decline of -1.09%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.70% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.64.
