The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Kilroy Realty Corp. shares valued at $206,360 were sold by Roth Heidi Rena on Dec 21 ’23. At $40.61 per share, Roth Heidi Rena sold 5,081 shares. The insider’s holdings dropped to 53,046 shares worth approximately $1.8 million following the completion of this transaction.
Also, Osmond John sold 3,594 shares, netting a total of over 146,816 in proceeds. Following the sale of shares at $40.85 each, the insider now holds 9,937 shares.
Before that, Roth Heidi Rena had sold 4,200 shares from its account. In a trade valued at $133,471, the insider traded Kilroy Realty Corp. shares for $31.78 each. Upon closing the transaction, the insider’s holdings decreased to 4,200 shares, worth approximately $1.98 million.
As published in their initiating research note from Barclays on March 27, 2024, Kilroy Realty Corp. [KRC] has been an Equal weight and the price target has been revised to $38. Analysts at RBC Capital Mkts downgraded the stock from ‘”an Outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in early March. As of January 30, 2024, Deutsche Bank has initiated its “Hold” rating for KRC. Earlier on December 15, 2023, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for KRC stock which previously was a “an Outperform”.
Analyzing KRC Stock Performance
During the last five days, there has been a drop of approximately -0.32%. Over the course of the year, Kilroy Realty Corp. shares have dropped approximately -14.68%. Shares of the company reached a 52-week high of $42.20 on 01/10/24 and a 52-week low of $32.69 on 02/13/24. A 50-day SMA is recorded $35.45, while a 200-day SMA reached $34.74. Nevertheless, trading volume fell to 1.04 million shares from 0.84 million shares the previous day.
Support And Resistance Levels for Kilroy Realty Corp. (KRC)
According to the 24-hour chart, there is a support level at 33.45, which, if violated, would cause prices to drop to 32.91. In the upper region, resistance lies at 34.27. The next price resistance is at 34.55. RSI (Relative Strength Index) is 43.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.71, which suggests the price will decrease in the coming days. Percent R is at 79.76%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Kilroy Realty Corp. subject to short interest?
Stocks of Kilroy Realty Corp. saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.55 million shares to 7.71 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 7.16 million shares. A jump of 7.13% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 6.73 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.73.
