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. Kimberly-Clark Corp. shares valued at $100,051 were purchased by SMUCKER MARK T on Jan 29 ’24. At $120.98 per share, SMUCKER MARK T acquired 827 shares. The insider’s holdings grew to 827 shares worth approximately $0.1 million following the completion of this transaction.
Also, Wilkinson Tristram sold 3,720 shares, netting a total of over 450,120 in proceeds. Following the sale of shares at $121.00 each, the insider now holds 17,229 shares.
Before that, Melucci Jeffrey P. had sold 3,000 shares from its account. In a trade valued at $365,130, the Chief Legal Officer traded Kimberly-Clark Corp. shares for $121.71 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $3.16 million.
As published in a research note from Evercore ISI on March 28, 2024, Kimberly-Clark Corp. [KMB] has been rated up from an In-line to an Outperform and the price target has been revised to $150 from $133. As of December 15, 2023, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for KMB. Earlier on November 17, 2023, Piper Sandler initiated its rating. Their recommendation was “an Overweight” for KMB stock.
Analyzing KMB Stock Performance
During the last five days, there has been a drop of approximately -0.37%. Over the course of the year, Kimberly-Clark Corp. shares have jumped approximately 3.37%. Shares of the company reached a 52-week high of $129.97 on 03/28/24 and a 52-week low of $117.67 on 02/14/24. A 50-day SMA is recorded $123.99, while a 200-day SMA reached $124.37. Nevertheless, trading volume fell to 2.35 million shares from 2.29 million shares the previous day.
Support And Resistance Levels for Kimberly-Clark Corp. (KMB)
According to the 24-hour chart, there is a support level at 124.83, which, if violated, would cause prices to drop to 124.06. In the upper region, resistance lies at 126.48. The next price resistance is at 127.35. RSI (Relative Strength Index) is 50.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.72, which suggests the price will decrease in the coming days. Percent R is at 69.56%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
