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. Kimberly-Clark Corp. shares valued at $524,441 were sold by Cunningham Doug on May 10 ’24. At $136.82 per share, Cunningham Doug sold 3,833 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Hsu Michael D. sold 54,191 shares, netting a total of over 7,337,256 in proceeds. Following the sale of shares at $135.40 each, the insider now holds 179,059 shares.
Before that, Drexler Andrew had sold 2,500 shares from its account. In a trade valued at $342,084, the Vice President and Controller traded Kimberly-Clark Corp. shares for $136.83 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $1.06 million.
As published in a research note from Evercore ISI on March 28, 2024, Kimberly-Clark Corp. [KMB] has been rated up from an In-line to an Outperform and the price target has been revised to $150 from $133. As of December 15, 2023, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for KMB. Earlier on November 17, 2023, Piper Sandler initiated its rating. Their recommendation was “an Overweight” for KMB stock.
Analyzing KMB Stock Performance
During the last five days, there has been a drop of approximately -2.10%. Over the course of the year, Kimberly-Clark Corp. shares have jumped approximately 8.50%. Shares of the company reached a 52-week high of $139.75 on 04/23/24 and a 52-week low of $117.67 on 02/14/24. A 50-day SMA is recorded $130.42, while a 200-day SMA reached $124.60. Nevertheless, trading volume fell to 1.57 million shares from 1.52 million shares the previous day.
Support And Resistance Levels for Kimberly-Clark Corp. (KMB)
According to the 24-hour chart, there is a support level at 131.18, which, if violated, would cause prices to drop to 130.51. In the upper region, resistance lies at 132.90. The next price resistance is at 133.95. RSI (Relative Strength Index) is 42.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.76, which suggests the price will decrease in the coming days. Percent R is at 95.42%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
