Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Kosmos Energy Ltd shares valued at $1,003,917 were sold by INGLIS ANDREW G on Feb 06 ’24. At $5.66 per share, INGLIS ANDREW G sold 177,430 shares. The insider’s holdings dropped to 3,376,816 shares worth approximately $21.34 million following the completion of this transaction.
Also, Ball Christopher James sold 121,915 shares, netting a total of over 689,807 in proceeds. Following the sale of shares at $5.66 each, the insider now holds 1,409,244 shares.
Before that, Shah Nealesh D. had sold 90,454 shares from its account. In a trade valued at $511,798, the SVP and CFO traded Kosmos Energy Ltd shares for $5.66 each. Upon closing the transaction, the insider’s holdings decreased to 90,454 shares, worth approximately $7.78 million.
As published in their initiating research note from Stifel on November 20, 2023, Kosmos Energy Ltd [KOS] has been a Buy and the price target has been revised to $10. Analysts at Bernstein downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid October. As of September 27, 2023, BofA Securities has increased its “Neutral” rating to a “Buy” for KOS. Earlier on July 20, 2023, Redburn initiated its rating. Their recommendation was “a Buy” for KOS stock.
Analyzing KOS Stock Performance
During the last five days, there has been a surge of approximately 8.78%. Over the course of the year, Kosmos Energy Ltd shares have dropped approximately -5.81%. Shares of the company reached a 52-week high of $6.93 on 01/03/24 and a 52-week low of $5.23 on 03/05/24. A 50-day SMA is recorded $5.83, while a 200-day SMA reached $6.65. Nevertheless, trading volume fell to 9.93 million shares from 15.13 million shares the previous day.
Support And Resistance Levels for Kosmos Energy Ltd (KOS)
According to the 24-hour chart, there is a support level at 6.13, which, if violated, would cause prices to drop to 5.94. In the upper region, resistance lies at 6.42. The next price resistance is at 6.52. RSI (Relative Strength Index) is 61.36 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 1.28%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Kosmos Energy Ltd subject to short interest?
Stocks of Kosmos Energy Ltd saw a sharp rise in short interest on Mar 15, 2024 jumping by 9.66 million shares to 35.52 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 25.86 million shares. A jump of 27.2% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.81 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.81.
