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A company insider recently sold 881 shares of Kadant, Inc. [KAI]. Should You Sale?

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. Kadant, Inc. shares valued at $288,087 were sold by KRAUSE STACY D. on Mar 21 ’24. At $327.00 per share, KRAUSE STACY D. sold 881 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

Also, KRAUSE STACY D. sold 700 shares, netting a total of over 228,900 in proceeds. Following the sale of shares at $327.00 each, the insider now holds 881 shares.

Before that, LEONARD THOMAS C had sold 217 shares from its account. In a trade valued at $70,267, the Director traded Kadant, Inc. shares for $323.81 each. Upon closing the transaction, the insider’s holdings decreased to 217 shares, worth approximately $2.9 million.

Analysts at Barrington Research upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid February. As of May 28, 2020, Sidoti has decreased its “Buy” rating to a “Neutral” for KAI. Earlier on May 28, 2020, Barrington Research downgraded its rating. Their new recommendation was “a Mkt perform” for KAI stock which previously was a “an Outperform”.

Analyzing KAI Stock Performance

During the last five days, there has been a drop of approximately -8.52%. Over the course of the year, Kadant, Inc. shares have dropped approximately -6.70%. Shares of the company reached a 52-week high of $354.02 on 02/15/24 and a 52-week low of $249.51 on 05/01/24. A 50-day SMA is recorded $309.63, while a 200-day SMA reached $261.99. Nevertheless, trading volume fell to 0.33 million shares from 0.12 million shares the previous day.

Support And Resistance Levels for Kadant, Inc. (KAI)

According to the 24-hour chart, there is a support level at 250.84, which, if violated, would cause prices to drop to 240.16. In the upper region, resistance lies at 270.87. The next price resistance is at 280.22. RSI (Relative Strength Index) is 27.40 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -9.36, which suggests the price will decrease in the coming days. Percent R is at 74.32%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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