Kirby Corp.’s filing revealed that its VP – CIO MILLER SCOTT P unloaded Company’s shares for reported $48593.0 on Apr 11 ’24. In the deal valued at $99.78 per share,487 shares were sold. As a result of this transaction, MILLER SCOTT P now holds 1,000 shares worth roughly $0.11 million.
Then, STRAHAN DORMAN LYNN sold 3,423 shares, generating $325,562 in total proceeds. Upon selling the shares at $95.11, the President-Kirby Engine Systems now owns 21,054 shares.
Before that, MILLER SCOTT P sold 6,705 shares. Kirby Corp. shares valued at $637,310 were divested by the VP – CIO at a price of $95.05 per share. As a result of the transaction, MILLER SCOTT P now holds 1,000 shares, worth roughly $0.11 million.
Wolfe Research initiated its Kirby Corp. [KEX] rating to an Outperform in a research note published on April 22, 2024; the price target was $126. A number of analysts have revised their coverage, including BTIG Research’s analysts, who increased its forecast for the stock in late January from “a Neutral” to “a Buy”. Stifel also remained covering KEX and has increased its forecast on October 12, 2021 with a “Buy” recommendation from previously “Hold” rating. Gabelli & Co revised its rating on May 07, 2021. It rated KEX as “a Hold” which previously was an “a Buy”.
Price Performance Review of KEX
On Monday, Kirby Corp. [NYSE:KEX] saw its stock fall -1.79% to $109.99. Over the last five days, the stock has gained 10.94%. Kirby Corp. shares have risen nearly 40.15% since the year began. Nevertheless, the stocks have risen 56.01% over the past one year. While a 52-week high of $114.35 was reached on 04/25/24, a 52-week low of $67.07 was recorded on 01/11/24. SMA at 50 days reached $93.55, while 200 days put it at $83.27. A total of 0.73 million shares were traded, compared to the trading of 0.78 million shares in the previous session.
Levels Of Support And Resistance For KEX Stock
The 24-hour chart illustrates a support level at 108.89, which if violated will result in even more drops to 107.78. On the upside, there is a resistance level at 111.53. A further resistance level may holdings at 113.07. The Relative Strength Index (RSI) on the 14-day chart is 74.96, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.52, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.82%. Stochastics %K at 85.16% indicates the stock is a selling.
