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. Kirby Corp. shares valued at $48,593 were sold by MILLER SCOTT P on Apr 11 ’24. At $99.78 per share, MILLER SCOTT P sold 487 shares. The insider’s holdings dropped to 1,000 shares worth approximately $0.11 million following the completion of this transaction.
Also, STRAHAN DORMAN LYNN sold 3,423 shares, netting a total of over 325,562 in proceeds. Following the sale of shares at $95.11 each, the insider now holds 21,054 shares.
Before that, MILLER SCOTT P had sold 6,705 shares from its account. In a trade valued at $637,310, the VP – CIO traded Kirby Corp. shares for $95.05 each. Upon closing the transaction, the insider’s holdings decreased to 6,705 shares, worth approximately $0.11 million.
As published in their initiating research note from Wolfe Research on April 22, 2024, Kirby Corp. [KEX] has been an Outperform and the price target has been revised to $126. Analysts at BTIG Research upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late January. As of October 12, 2021, Stifel has increased its “Hold” rating to a “Buy” for KEX. Earlier on May 07, 2021, Gabelli & Co downgraded its rating. Their new recommendation was “a Hold” for KEX stock which previously was a “a Buy”.
Analyzing KEX Stock Performance
During the last five days, there has been a surge of approximately 18.10%. Over the course of the year, Kirby Corp. shares have jumped approximately 42.92%. Shares of the company reached a 52-week high of $114.35 on 04/25/24 and a 52-week low of $74.88 on 01/11/24. A 50-day SMA is recorded $92.53, while a 200-day SMA reached $82.93. Nevertheless, trading volume fell to 1.47 million shares from 0.65 million shares the previous day.
Support And Resistance Levels for Kirby Corp. (KEX)
According to the 24-hour chart, there is a support level at 105.71, which, if violated, would cause prices to drop to 99.26. In the upper region, resistance lies at 116.48. The next price resistance is at 120.80. RSI (Relative Strength Index) is 82.40 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.79, which suggests the price will increase in the coming days. Percent R is at 10.95%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
