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Barclays initates Kinetik Holdings Inc (KNTK) rating to an Equal weight

Kinetik Holdings Inc’s recent filing unveils that its insider Wall Matthew unloaded Company’s shares for reported $0.23 million on Mar 28 ’24. In the deal valued at $39.82 per share,5,750 shares were sold. As a result of this transaction, Wall Matthew now holds 530,066 shares worth roughly $20.32 million.

Then, Carpenter Todd sold 2,500 shares, generating $99,550 in total proceeds. Upon selling the shares at $39.82, the insider now owns 271,162 shares.

Before that, Howard Trevor sold 7,000 shares. Kinetik Holdings Inc shares valued at $263,340 were divested by the insider at a price of $37.62 per share. As a result of the transaction, Howard Trevor now holds 198,411 shares, worth roughly $7.61 million.

Barclays initiated its Kinetik Holdings Inc [KNTK] rating to an Equal weight in a research note published on April 22, 2024; the price target was $40. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in late March with a ‘”an Outperform”‘ rating. JP Morgan also remained covering KNTK and has increased its forecast on March 08, 2024 with a “an Overweight” recommendation from previously “Neutral” rating.

Price Performance Review of KNTK

On Tuesday, Kinetik Holdings Inc [NYSE:KNTK] saw its stock fall -2.49% to $38.34. Over the last five days, the stock has lost -0.57%. Kinetik Holdings Inc shares have risen nearly 14.79% since the year began. Nevertheless, the stocks have risen 24.48% over the past one year. While a 52-week high of $40.42 was reached on 03/28/24, a 52-week low of $26.32 was recorded on 02/05/24. SMA at 50 days reached $37.32, while 200 days put it at $35.25. A total of 0.37 million shares were traded, compared to the trading of 0.43 million shares in the previous session.

Levels Of Support And Resistance For KNTK Stock

The 24-hour chart illustrates a support level at 37.82, which if violated will result in even more drops to 37.29. On the upside, there is a resistance level at 39.32. A further resistance level may holdings at 40.29. The Relative Strength Index (RSI) on the 14-day chart is 48.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.10%. Stochastics %K at 59.58% indicates the stock is a holding.

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