In a filing, Kinetik Holdings Inc revealed its insider Wall Matthew unloaded Company’s shares for reported $0.23 million on Mar 28 ’24. In the deal valued at $39.82 per share,5,750 shares were sold. As a result of this transaction, Wall Matthew now holds 530,066 shares worth roughly $21.55 million.
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Then, Carpenter Todd sold 2,500 shares, generating $99,550 in total proceeds. Upon selling the shares at $39.82, the insider now owns 271,162 shares.
Before that, Howard Trevor sold 7,000 shares. Kinetik Holdings Inc shares valued at $263,340 were divested by the insider at a price of $37.62 per share. As a result of the transaction, Howard Trevor now holds 198,411 shares, worth roughly $8.07 million.
A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late April with a ‘”an Equal weight”‘ rating. RBC Capital Mkts began covering KNTK with “an Outperform” recommendation on March 25, 2024. JP Morgan revised its rating on March 08, 2024. It rated KNTK as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of KNTK
On Friday, Kinetik Holdings Inc [NYSE:KNTK] saw its stock fall -1.79% to $40.65. Over the last five days, the stock has gained 0.89%. Kinetik Holdings Inc shares have risen nearly 21.71% since the year began. Nevertheless, the stocks have risen 16.41% over the past one year. While a 52-week high of $45.27 was reached on 07/22/24, a 52-week low of $31.31 was recorded on 02/05/24. SMA at 50 days reached $41.41, while 200 days put it at $37.31. A total of 0.64 million shares were traded, compared to the trading of 0.93 million shares in the previous session.
Levels Of Support And Resistance For KNTK Stock
The 24-hour chart illustrates a support level at 40.18, which if violated will result in even more drops to 39.71. On the upside, there is a resistance level at 41.34. A further resistance level may holdings at 42.04. The Relative Strength Index (RSI) on the 14-day chart is 45.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.54%. Stochastics%K at 39.51% indicates the stock is a holding.
