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. Keycorp shares valued at $113,250 were sold by Highsmith Carlton L on Mar 08 ’24. At $15.10 per share, Highsmith Carlton L sold 7,500 shares. The insider’s holdings dropped to 53,577 shares worth approximately $0.79 million following the completion of this transaction.
Also, Gavrity Kenneth C sold 2,376 shares, netting a total of over 33,335 in proceeds. Following the sale of shares at $14.03 each, the insider now holds 98,120 shares.
Before that, Schosser Douglas M had sold 3,326 shares from its account. In a trade valued at $46,564, the Chief Accounting Officer traded Keycorp shares for $14.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,326 shares, worth approximately $0.29 million.
As published in a research note from Jefferies on January 09, 2024, Keycorp [KEY] has been rated up from a Hold to a Buy and the price target has been revised to $17 from $10. Analysts at Raymond James started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in early January. As of December 20, 2023, Stephens has increased its “an Equal-weight” rating to a “an Overweight” for KEY. Earlier on December 14, 2023, Wells Fargo resumed its rating. Their recommendation was “an Overweight” for KEY stock.
Analyzing KEY Stock Performance
During the last five days, there has been a drop of approximately -2.39%. Over the course of the year, Keycorp shares have jumped approximately 2.22%. Shares of the company reached a 52-week high of $15.86 on 03/28/24 and a 52-week low of $12.94 on 01/18/24. A 50-day SMA is recorded $14.61, while a 200-day SMA reached $12.50. Nevertheless, trading volume fell to 13.27 million shares from 15.2 million shares the previous day.
Support And Resistance Levels for Keycorp (KEY)
According to the 24-hour chart, there is a support level at 14.40, which, if violated, would cause prices to drop to 14.07. In the upper region, resistance lies at 14.98. The next price resistance is at 15.24. RSI (Relative Strength Index) is 45.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.21, which suggests the price will decrease in the coming days. Percent R is at 74.51%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Keycorp subject to short interest?
Stocks of Keycorp saw a sharp rise in short interest on Mar 28, 2024 jumping by 4.31 million shares to 28.0 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 23.69 million shares. A jump of 15.39% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.06 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.06.
