Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. KKR & Co. Inc shares valued at $124,501,037 were sold by KKR Phorm Investors L.P. on Jun 20 ’24. At $5.10 per share, KKR Phorm Investors L.P. sold 24,411,968 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, KKR Alternative Assets LLC purchased 1,956,182 shares, netting a total of over 50,000,000 in proceeds. Following the buying of shares at $25.56 each, the insider now holds 9,688,618 shares.
Before that, KKR Group Partnership L.P. had sold 17,500,000 shares from its account. In a trade valued at $218,400,000, the 10% Owner traded KKR & Co. Inc shares for $12.48 each. Upon closing the transaction, the insider’s holdings decreased to 17,500,000 shares, worth approximately $3.87 billion.
As published in their initiating research note from TD Cowen on January 04, 2024, KKR & Co. Inc [KKR] has been an Outperform and the price target has been revised to $96. Analysts at Oppenheimer resumed the stock at ‘”an Outperform”‘ outlook in a report released in late November. As of October 05, 2023, Wolfe Research has initiated its “an Outperform” rating for KKR. Earlier on May 19, 2023, Citigroup initiated its rating. Their recommendation was “a Buy” for KKR stock.
Analyzing KKR Stock Performance
During the last five days, there has been a surge of approximately 1.57%. Over the course of the year, KKR & Co. Inc shares have jumped approximately 40.87%. Shares of the company reached a 52-week high of $119.86 on 07/23/24 and a 52-week low of $78.95 on 01/03/24. A 50-day SMA is recorded $107.87, while a 200-day SMA reached $89.97. Nevertheless, trading volume fell to 4.11 million shares from 3.61 million shares the previous day.
Support And Resistance Levels for KKR & Co. Inc (KKR)
According to the 24-hour chart, there is a support level at 113.87, which, if violated, would cause prices to drop to 111.03. In the upper region, resistance lies at 119.27. The next price resistance is at 121.83. RSI (Relative Strength Index) is 64.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.70, which suggests the price will increase in the coming days. Percent R is at 19.99%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
