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Insider Selling: Archambault Matthew Andrew, Keurig Dr Pepper Inc [KDP] President, US Refreshment Bev. divested 8,000 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Keurig Dr Pepper Inc shares valued at $273,520 were sold by Archambault Matthew Andrew on May 23 ’24. At $34.19 per share, Archambault Matthew Andrew sold 8,000 shares. The insider’s holdings dropped to 12,565 shares worth approximately $0.41 million following the completion of this transaction.

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Also, Stephens Angela A. sold 25,000 shares, netting a total of over 840,250 in proceeds. Following the sale of shares at $33.61 each, the insider now holds 76,081 shares.

Before that, Minogue Patrick had sold 17,293 shares from its account. In a trade valued at $580,872, the President, US Coffee traded Keurig Dr Pepper Inc shares for $33.59 each. Upon closing the transaction, the insider’s holdings decreased to 17,293 shares, worth approximately $2.2 million.

As published in their initiating research note from Exane BNP Paribas on June 24, 2024, Keurig Dr Pepper Inc [KDP] has been a Neutral and the price target has been revised to $36. Analysts at Truist upgraded the stock from ‘”a Sell”‘ to ‘”a Hold”‘ outlook in a report released in mid June. As of January 03, 2024, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for KDP. Earlier on December 22, 2023, HSBC Securities initiated its rating. Their recommendation was “a Hold” for KDP stock.

Analyzing KDP Stock Performance

During the last five days, there has been a drop of approximately -4.57%. Over the course of the year, Keurig Dr Pepper Inc shares have dropped approximately -1.59%. Shares of the company reached a 52-week high of $35.00 on 06/04/24 and a 52-week low of $28.61 on 03/15/24. A 50-day SMA is recorded $33.89, while a 200-day SMA reached $31.78. Nevertheless, trading volume fell to 5.34 million shares from 9.24 million shares the previous day.

Support And Resistance Levels for Keurig Dr Pepper Inc (KDP)

According to the 24-hour chart, there is a support level at 32.55, which, if violated, would cause prices to drop to 32.38. In the upper region, resistance lies at 32.91. The next price resistance is at 33.10. RSI (Relative Strength Index) is 35.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.16, which suggests the price will decrease in the coming days. Percent R is at 93.30%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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