World Kinect Corp’s filing revealed that its Director BAKSHI KEN unloaded Company’s shares for reported $0.12 million on May 17 ’24. In the deal valued at $25.58 per share,4,500 shares were sold. As a result of this transaction, BAKSHI KEN now holds 37,045 shares worth roughly $0.93 million.
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Then, BAKSHI KEN sold 10,936 shares, generating $263,230 in total proceeds. Upon selling the shares at $24.07, the Director now owns 41,545 shares.
Before that, STEBBINS PAUL H sold 40,000 shares. World Kinect Corp shares valued at $986,000 were divested by the Director at a price of $24.65 per share. As a result of the transaction, STEBBINS PAUL H now holds 35,375 shares, worth roughly $0.89 million.
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 Tuesday, World Kinect Corp [NYSE:WKC] saw its stock jump 0.40% to $25.03. Over the last five days, the stock has lost -1.34%. World Kinect Corp shares have risen nearly 9.88% since the year began. Nevertheless, the stocks have risen 6.60% 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 $25.12, while 200 days put it at $22.84. A total of 0.22 million shares were traded, compared to the trading of 0.41 million shares in the previous session.
Levels Of Support And Resistance For WKC Stock
The 24-hour chart illustrates a support level at 24.90, which if violated will result in even more drops to 24.78. On the upside, there is a resistance level at 25.11. A further resistance level may holdings at 25.20. The Relative Strength Index (RSI) on the 14-day chart is 52.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.88%. Stochastics %K at 80.78% indicates the stock is a selling.
