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The Potential Rise in the Price of Kimberly-Clark Corp. (KMB) following insiders activity

Kimberly-Clark Corp.’s recently made public that its Chief Bus. & Transf. Officer Melucci Jeffrey P. unloaded Company’s shares for reported $0.87 million on Apr 29 ’24. In the deal valued at $135.59 per share,6,390 shares were sold. As a result of this transaction, Melucci Jeffrey P. now holds 33,649 shares worth roughly $4.57 million.

Then, Fenske Tamera sold 717 shares, generating $97,058 in total proceeds. Upon selling the shares at $135.37, the Chief Supply Chain Officer now owns 2,284 shares.

Before that, Uribe Gonzalo sold 1,465 shares. Kimberly-Clark Corp. shares valued at $200,574 were divested by the President, Latin America at a price of $136.91 per share. As a result of the transaction, Uribe Gonzalo now holds 8,679 shares, worth roughly $1.18 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 0.51% to $135.93. Over the last five days, the stock has gained 5.43%. Kimberly-Clark Corp. shares have risen nearly 11.87% since the year began. Nevertheless, the stocks have fallen -7.14% over the past one year. While a 52-week high of $147.09 was reached on 04/23/24, a 52-week low of $116.32 was recorded on 02/14/24. SMA at 50 days reached $125.99, while 200 days put it at $124.30. A total of 2.15 million shares were traded, compared to the trading of 2.12 million shares in the previous session.

Levels Of Support And Resistance For KMB Stock

The 24-hour chart illustrates a support level at 134.88, which if violated will result in even more drops to 133.83. On the upside, there is a resistance level at 136.46. A further resistance level may holdings at 137.00. The Relative Strength Index (RSI) on the 14-day chart is 69.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.01%. Stochastics %K at 75.59% indicates the stock is a holding.

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