Kimberly-Clark Corp.’s recently made public that its Director SMUCKER MARK T acquired Company’s shares for reported $0.1 million on Jan 29 ’24. In the deal valued at $120.98 per share,827 shares were bought. As a result of this transaction, SMUCKER MARK T now holds 827 shares worth roughly $0.11 million.
Then, Wilkinson Tristram sold 3,720 shares, generating $450,120 in total proceeds. Upon selling the shares at $121.00, the President, APAC now owns 17,229 shares.
Before that, Melucci Jeffrey P. sold 3,000 shares. Kimberly-Clark Corp. shares valued at $365,130 were divested by the Chief Legal Officer at a price of $121.71 per share. As a result of the transaction, Melucci Jeffrey P. now holds 25,169 shares, worth roughly $3.25 million.
Evercore ISI upgraded its Kimberly-Clark Corp. [KMB] rating to an Outperform from a an In-line in a research note published on March 28, 2024; the price target was increased to $150 from $133. BofA Securities also remained covering KMB and has decreased its forecast on December 15, 2023 with a “an Underperform” recommendation from previously “Neutral” rating. Piper Sandler started covering the stock on November 17, 2023. It rated KMB as “an Overweight”.
Price Performance Review of KMB
On Monday, Kimberly-Clark Corp. [NYSE:KMB] saw its stock jump 1.66% to $128.93. Over the last five days, the stock has gained 2.81%. Kimberly-Clark Corp. shares have risen nearly 6.11% since the year began. Nevertheless, the stocks have fallen -7.34% over the past one year. While a 52-week high of $147.87 was reached on 03/28/24, a 52-week low of $116.32 was recorded on 02/14/24. SMA at 50 days reached $124.28, while 200 days put it at $124.27. A total of 2.71 million shares were traded, compared to the trading of 4.8 million shares in the previous session.
Levels Of Support And Resistance For KMB Stock
The 24-hour chart illustrates a support level at 127.50, which if violated will result in even more drops to 126.07. On the upside, there is a resistance level at 129.70. A further resistance level may holdings at 130.47. The Relative Strength Index (RSI) on the 14-day chart is 61.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.12%. Stochastics %K at 59.91% indicates the stock is a holding.
