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Insider Buying: Salem Matthew A, KKR Real Estate Finance Trust Inc [KREF] Chief Executive Officer invested 26,000 shares

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. KKR Real Estate Finance Trust Inc shares valued at $252,834 were purchased by Salem Matthew A on Feb 08 ’24. At $9.72 per share, Salem Matthew A acquired 26,000 shares. The insider’s holdings grew to 460,309 shares worth approximately $4.24 million following the completion of this transaction.

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Also, Mattson W Patrick purchased 10,000 shares, netting a total of over 97,200 in proceeds. Following the buying of shares at $9.72 each, the insider now holds 308,446 shares.

Analysts at JMP Securities upgraded the stock from ‘”a Mkt perform”‘ to ‘”a Mkt outperform”‘ outlook in a report released in late April. As of February 09, 2021, JP Morgan has increased its “Neutral” rating to a “an Overweight” for KREF. Earlier on February 03, 2021, BTIG Research initiated its rating. Their recommendation was “a Buy” for KREF stock.

Analyzing KREF Stock Performance

During the last five days, there has been a drop of approximately -1.18%. Over the course of the year, KKR Real Estate Finance Trust Inc shares have dropped approximately -30.31%. Shares of the company reached a 52-week high of $13.33 on 01/02/24 and a 52-week low of $8.71 on 07/01/24. A 50-day SMA is recorded $9.48, while a 200-day SMA reached $10.88. Nevertheless, trading volume fell to 0.17 million shares from 0.66 million shares the previous day.

Support And Resistance Levels for KKR Real Estate Finance Trust Inc (KREF)

According to the 24-hour chart, there is a support level at 9.04, which, if violated, would cause prices to drop to 8.97. In the upper region, resistance lies at 9.20. The next price resistance is at 9.30. RSI (Relative Strength Index) is 46.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 50.00%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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