Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kearny Financial Corp. shares valued at $11,740 were purchased by Suchodolski Keith on Mar 18 ’24. At $5.87 per share, Suchodolski Keith acquired 2,000 shares. The insider’s holdings grew to 82,648 shares worth approximately $0.46 million following the completion of this transaction.
Also, BILOTTA ANTHONY V JR purchased 2,000 shares, netting a total of over 11,700 in proceeds. Following the buying of shares at $5.85 each, the insider now holds 79,761 shares.
Before that, Joyce Patrick M had sold 3,500 shares from its account. In a trade valued at $21,597, the EVP and CLO traded Kearny Financial Corp. shares for $6.17 each. Upon closing the transaction, the insider’s holdings decreased to 3,500 shares, worth approximately $0.27 million.
As published in a research note from Compass Point on December 08, 2022, Kearny Financial Corp. [KRNY] has been rated up from a Neutral to a Buy and the price target has been revised to $11. Analysts at Compass Point downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of January 06, 2022, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for KRNY. Earlier on April 06, 2020, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for KRNY stock which previously was a “a Neutral”.
Analyzing KRNY Stock Performance
During the last five days, there has been a drop of approximately -12.05%. Over the course of the year, Kearny Financial Corp. shares have dropped approximately -37.35%. Shares of the company reached a 52-week high of $9.04 on 01/02/24 and a 52-week low of $5.44 on 04/10/24. A 50-day SMA is recorded $6.38, while a 200-day SMA reached $7.39. Nevertheless, trading volume fell to 0.95 million shares from 0.45 million shares the previous day.
Support And Resistance Levels for Kearny Financial Corp. (KRNY)
According to the 24-hour chart, there is a support level at 5.37, which, if violated, would cause prices to drop to 5.11. In the upper region, resistance lies at 5.95. The next price resistance is at 6.28. RSI (Relative Strength Index) is 33.16 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 84.28%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Kearny Financial Corp. subject to short interest?
Stocks of Kearny Financial Corp. saw a sharp rise in short interest on Mar 15, 2024 jumping by 97820.0 shares to 1.05 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 0.95 million shares. A jump of 9.32% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.32 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.32.
