Kite Realty Group Trust’s recent filing unveils that its Director Grimes Steven P unloaded Company’s shares for reported $0.51 million on Dec 14 ’23. In the deal valued at $23.70 per share,21,500 shares were sold. As a result of this transaction, Grimes Steven P now holds 763,314 shares worth roughly $15.28 million.
Then, Kite John A sold 60,000 shares, generating $1,314,600 in total proceeds. Upon selling the shares at $21.91, the Chairman & CEO now owns 104,121 shares.
Before that, WURTZEBACH CHARLES H sold 255 shares. Kite Realty Group Trust shares valued at $5,383 were divested by the Director at a price of $21.11 per share. As a result of the transaction, WURTZEBACH CHARLES H now holds 61,737 shares, worth roughly $1.24 million.
Raymond James downgraded its Kite Realty Group Trust [KRG] rating to a Mkt perform from a a Strong buy in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late May with a ‘”an Underweight”‘ rating. JP Morgan began covering KRG with “Neutral” recommendation on April 24, 2023. Robert W. Baird revised its rating on January 06, 2023. It rated KRG as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of KRG
On Monday, Kite Realty Group Trust [NYSE:KRG] saw its stock fall -0.89% to $20.02. Over the last five days, the stock has lost -3.29%. Kite Realty Group Trust shares have fallen nearly -12.42% since the year began. Nevertheless, the stocks have fallen -1.08% over the past one year. While a 52-week high of $24.23 was reached on 01/02/24, a 52-week low of $19.12 was recorded on 04/10/24. SMA at 50 days reached $21.10, while 200 days put it at $21.77. A total of 1.0 million shares were traded, compared to the trading of 1.69 million shares in the previous session.
Levels Of Support And Resistance For KRG Stock
The 24-hour chart illustrates a support level at 19.84, which if violated will result in even more drops to 19.66. On the upside, there is a resistance level at 20.24. A further resistance level may holdings at 20.47. The Relative Strength Index (RSI) on the 14-day chart is 37.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.19%. Stochastics %K at 16.38% indicates the stock is a buying.
