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. Koppers Holdings Inc shares valued at $89,988 were sold by BALL M LEROY on Jun 20 ’24. At $39.73 per share, BALL M LEROY sold 2,265 shares. The insider’s holdings dropped to 318,743 shares worth approximately $11.72 million following the completion of this transaction.
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Also, BALL M LEROY sold 2,500 shares, netting a total of over 106,125 in proceeds. Following the sale of shares at $42.45 each, the insider now holds 321,008 shares.
Before that, BALL M LEROY had sold 2,500 shares from its account. In a trade valued at $109,225, the CEO traded Koppers Holdings Inc shares for $43.69 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $11.8 million.
As published in a research note from Singular Research on March 13, 2024, Koppers Holdings Inc [KOP] has been rated up from a Hold to a Buy and the price target has been revised to $67.50. Analysts at Monness Crespi & Hardt resumed the stock at ‘”a Buy”‘ outlook in a report released in early May. As of January 29, 2021, Monness Crespi & Hardt has reiterated its “Buy” rating for KOP. Earlier on April 28, 2020, Monness Crespi & Hardt resumed its rating. Their recommendation was “a Buy” for KOP stock.
Analyzing KOP Stock Performance
During the last five days, there has been a drop of approximately -2.54%. Over the course of the year, Koppers Holdings Inc shares have dropped approximately -28.21%. Shares of the company reached a 52-week high of $58.23 on 02/29/24 and a 52-week low of $35.90 on 07/01/24. A 50-day SMA is recorded $43.38, while a 200-day SMA reached $46.20. Nevertheless, trading volume fell to 96663.0 shares from 0.17 million shares the previous day.
Support And Resistance Levels for Koppers Holdings Inc (KOP)
According to the 24-hour chart, there is a support level at 36.53, which, if violated, would cause prices to drop to 36.29. In the upper region, resistance lies at 37.05. The next price resistance is at 37.33. RSI (Relative Strength Index) is 28.21 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.51, which suggests the price will decrease in the coming days. Percent R is at 82.26%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
