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Keeping an Eye on Kite Realty Group Trust (KRG) After Insider Trading Activity

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 $16.56 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 $1.34 million.

Jefferies upgraded its Kite Realty Group Trust [KRG] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early September from “a Strong buy” to “a Mkt perform”. Wells Fargo began covering KRG with “an Underweight” recommendation on May 24, 2023. JP Morgan started covering the stock on April 24, 2023. It rated KRG as “a Neutral”.

Price Performance Review of KRG

On Monday, Kite Realty Group Trust [NYSE:KRG] saw its stock jump 2.07% to $21.70. Over the last five days, the stock has gained 1.64%. Kite Realty Group Trust shares have fallen nearly -5.07% since the year began. Nevertheless, the stocks have risen 7.65% 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 04/16/24. SMA at 50 days reached $21.01, while 200 days put it at $21.69. A total of 1.4 million shares were traded, compared to the trading of 1.86 million shares in the previous session.

Levels Of Support And Resistance For KRG Stock

The 24-hour chart illustrates a support level at 21.45, which if violated will result in even more drops to 21.21. On the upside, there is a resistance level at 21.83. A further resistance level may holdings at 21.97. The Relative Strength Index (RSI) on the 14-day chart is 60.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.40%. Stochastics %K at 81.54% indicates the stock is a selling.

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