Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. World Kinect Corp shares valued at $115,126 were sold by BAKSHI KEN on May 17 ’24. At $25.58 per share, BAKSHI KEN sold 4,500 shares. The insider’s holdings dropped to 37,045 shares worth approximately $0.95 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, BAKSHI KEN sold 10,936 shares, netting a total of over 263,230 in proceeds. Following the sale of shares at $24.07 each, the insider now holds 41,545 shares.
Before that, STEBBINS PAUL H had sold 40,000 shares from its account. In a trade valued at $986,000, the Director traded World Kinect Corp shares for $24.65 each. Upon closing the transaction, the insider’s holdings decreased to 40,000 shares, worth approximately $0.91 million.
As published in their initiating research note from JP Morgan on February 21, 2024, World Kinect Corp [WKC] has been a Neutral and the price target has been revised to $25. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in early November. As of July 06, 2023, Raymond James has initiated its “an Outperform” rating for WKC. Earlier on June 26, 2023, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for WKC stock which previously was a “a Buy”.
Analyzing WKC Stock Performance
During the last five days, there has been a drop of approximately -1.91%. Over the course of the year, World Kinect Corp shares have jumped approximately 12.86%. Shares of the company reached a 52-week high of $26.83 on 04/03/24 and a 52-week low of $21.21 on 01/18/24. A 50-day SMA is recorded $25.07, while a 200-day SMA reached $23.20. Nevertheless, trading volume fell to 0.45 million shares from 0.54 million shares the previous day.
Support And Resistance Levels for World Kinect Corp (WKC)
According to the 24-hour chart, there is a support level at 25.36, which, if violated, would cause prices to drop to 25.02. In the upper region, resistance lies at 25.92. The next price resistance is at 26.14. RSI (Relative Strength Index) is 52.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.47, which suggests the price will decrease in the coming days. Percent R is at 52.13%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
