In a filing, Kimberly-Clark Corp. revealed its President, EMEA Cunningham Doug unloaded Company’s shares for reported $0.52 million on May 10 ’24. In the deal valued at $136.82 per share,3,833 shares were sold. As a result of this transaction, Cunningham Doug now holds 0 shares worth roughly $0.0.
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Then, Hsu Michael D. sold 54,191 shares, generating $7,337,256 in total proceeds. Upon selling the shares at $135.40, the Chairman of the Board and CEO now owns 179,059 shares.
Before that, Drexler Andrew sold 2,500 shares. Kimberly-Clark Corp. shares valued at $342,084 were divested by the Vice President and Controller at a price of $136.83 per share. As a result of the transaction, Drexler Andrew now holds 8,053 shares, worth roughly $1.12 million.
BofA Securities upgraded its Kimberly-Clark Corp. [KMB] rating to a Buy from a an Underperform in a research note published on June 13, 2024; the price target was increased to $160 from $115. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in early June from “a Sector perform” to “an Outperform”. Evercore ISI also remained covering KMB and has increased its forecast on March 28, 2024 with a “an Outperform” recommendation from previously “an In-line” rating.
Price Performance Review of KMB
On Friday, Kimberly-Clark Corp. [NYSE:KMB] saw its stock jump 0.04% to $139.49. Over the last five days, the stock has gained 3.73%. Kimberly-Clark Corp. shares have risen nearly 14.80% since the year began. Nevertheless, the stocks have risen 3.23% over the past one year. While a 52-week high of $139.75 was reached on 06/14/24, a 52-week low of $116.32 was recorded on 02/14/24. SMA at 50 days reached $132.98, while 200 days put it at $125.10. A total of 1.66 million shares were traded, compared to the trading of 3.49 million shares in the previous session.
Levels Of Support And Resistance For KMB Stock
The 24-hour chart illustrates a support level at 138.63, which if violated will result in even more drops to 137.78. On the upside, there is a resistance level at 140.14. A further resistance level may holdings at 140.79. The Relative Strength Index (RSI) on the 14-day chart is 65.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.71%. Stochastics %K at 87.66% indicates the stock is a selling.
