Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kinder Morgan Inc shares valued at $135,000 were sold by Schlosser John W on Jan 03 ’24. At $18.00 per share, Schlosser John W sold 7,500 shares. The insider’s holdings dropped to 3,219 shares worth approximately $59068.65 following the completion of this transaction.
Also, Sanders Dax sold 50,000 shares, netting a total of over 881,610 in proceeds. Following the sale of shares at $17.63 each, the insider now holds 309,069 shares.
Before that, Mathews Denise R had sold 30,000 shares from its account. In a trade valued at $526,536, the VP and Chief Admin. Officer traded Kinder Morgan Inc shares for $17.55 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $1.45 million.
As published in a research note from Truist on March 25, 2024, Kinder Morgan Inc [KMI] has been rated down from a Buy to a Hold and the price target has been revised to $20 from $22. As of October 03, 2023, Pickering Energy Partners has initiated its “Neutral” rating for KMI. Earlier on July 12, 2023, Wolfe Research upgraded its rating. Their new recommendation was “a Peer perform” for KMI stock which previously was a “an Underperform”.
Analyzing KMI Stock Performance
During the last five days, there has been a drop of approximately -0.43%. Over the course of the year, Kinder Morgan Inc shares have jumped approximately 4.02%. Shares of the company reached a 52-week high of $18.72 on 04/04/24 and a 52-week low of $16.47 on 02/13/24. A 50-day SMA is recorded $17.58, while a 200-day SMA reached $17.30. Nevertheless, trading volume fell to 12.52 million shares from 10.68 million shares the previous day.
Support And Resistance Levels for Kinder Morgan Inc (KMI)
According to the 24-hour chart, there is a support level at 18.19, which, if violated, would cause prices to drop to 18.03. In the upper region, resistance lies at 18.44. The next price resistance is at 18.53. RSI (Relative Strength Index) is 59.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.07, which suggests the price will decrease in the coming days. Percent R is at 44.58%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Kinder Morgan Inc subject to short interest?
Stocks of Kinder Morgan Inc saw a sharp rise in short interest on Mar 28, 2024 jumping by 15.26 million shares to 44.29 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 29.03 million shares. A jump of 34.45% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.22 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.22.
