World Kinect Corp’s recently made public that its Director STEBBINS PAUL H unloaded Company’s shares for reported $0.99 million on Mar 01 ’24. In the deal valued at $24.65 per share,40,000 shares were sold. As a result of this transaction, STEBBINS PAUL H now holds 35,375 shares worth roughly $0.85 million.
Then, STEBBINS PAUL H sold 20,000 shares, generating $487,400 in total proceeds. Upon selling the shares at $24.37, the Director now owns 75,375 shares.
JP Morgan initiated its World Kinect Corp [WKC] rating to a Neutral in a research note published on February 21, 2024; the price target was $25. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early November with a ‘”an Equal-weight”‘ rating. Raymond James began covering WKC with “an Outperform” recommendation on July 06, 2023. BofA Securities revised its rating on June 26, 2023. It rated WKC as “an Underperform” which previously was an “a Buy”.
Price Performance Review of WKC
On Friday, World Kinect Corp [NYSE:WKC] saw its stock jump 0.80% to $23.93. Over the last five days, the stock has gained 4.00%. World Kinect Corp shares have risen nearly 5.05% since the year began. Nevertheless, the stocks have risen 5.28% over the past one year. While a 52-week high of $26.83 was reached on 04/03/24, a 52-week low of $17.69 was recorded on 01/18/24. SMA at 50 days reached $25.05, while 200 days put it at $22.71. A total of 0.5 million shares were traded, compared to the trading of 0.44 million shares in the previous session.
Levels Of Support And Resistance For WKC Stock
The 24-hour chart illustrates a support level at 23.72, which if violated will result in even more drops to 23.52. On the upside, there is a resistance level at 24.26. A further resistance level may holdings at 24.60. The Relative Strength Index (RSI) on the 14-day chart is 43.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.11%. Stochastics %K at 55.61% indicates the stock is a holding.
