Kinetik Holdings Inc’s recently made public that 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 $23.02 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 $8.62 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 Tuesday, Kinetik Holdings Inc [NYSE:KNTK] saw its stock fall -0.82% to $43.43. Over the last five days, the stock has gained 6.73%. Kinetik Holdings Inc shares have risen nearly 30.03% since the year began. Nevertheless, the stocks have risen 23.45% 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 $41.76, while 200 days put it at $37.56.
Levels Of Support And Resistance For KNTK Stock
The 24-hour chart illustrates a support level at 42.87, which if violated will result in even more drops to 42.30. On the upside, there is a resistance level at 43.89. A further resistance level may holdings at 44.35. The Relative Strength Index (RSI) on the 14-day chart is 58.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.81%. Stochastics%K at 91.34% indicates the stock is a selling.
How much short interest is there in Kinetik Holdings Inc?
A steep rise in short interest was recorded in Kinetik Holdings Inc stocks on 2024-07-31, dropping by 38045.0 shares to a total of 1.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.85 million shares. There was a decline of -2.1%, which implies that there is a negative sentiment for the stock.
