Kadant, Inc.’s filing revealed that its Executive Vice President & CFO MCKENNEY MICHAEL J unloaded Company’s shares for reported $1.75 million on Aug 28 ’24. In the deal valued at $317.66 per share,5,500 shares were sold. As a result of this transaction, MCKENNEY MICHAEL J now holds 18,876 shares worth roughly $6.06 million.
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Then, REBECCA O’MARA bought 200 shares, generating $63,653 in total proceeds.
Before that, O’Mara Rebecca Martinez sold 200 shares. Kadant, Inc. shares valued at $63,653 were divested by the Director at a price of $318.26 per share. As a result of the transaction, O’Mara Rebecca Martinez now holds 1,441 shares, worth roughly $0.46 million.
A number of analysts have revised their coverage, including Barrington Research’s analysts, who increased its forecast for the stock in mid February from “a Mkt perform” to “an Outperform”. Sidoti also remained covering KAI and has decreased its forecast on May 28, 2020 with a “Neutral” recommendation from previously “Buy” rating. Barrington Research revised its rating on May 28, 2020. It rated KAI as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of KAI
On Friday, Kadant, Inc. [NYSE:KAI] saw its stock jump 0.31% to $321.13. Over the last five days, the stock has gained 0.27%. Kadant, Inc. shares have risen nearly 14.56% since the year began. Nevertheless, the stocks have risen 45.90% over the past one year. While a 52-week high of $363.40 was reached on 07/31/24, a 52-week low of $213.87 was recorded on 05/01/24. SMA at 50 days reached $314.45, while 200 days put it at $294.88.
Levels Of Support And Resistance For KAI Stock
The 24-hour chart illustrates a support level at 316.20, which if violated will result in even more drops to 311.26. On the upside, there is a resistance level at 323.92. A further resistance level may holdings at 326.70. The Relative Strength Index (RSI) on the 14-day chart is 55.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.81, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.60%. Stochastics %K at 87.10% indicates the stock is a selling.
How much short interest is there in Kadant, Inc.?
A steep rise in short interest was recorded in Kadant, Inc. stocks on 2024-08-15, dropping by 19420.0 shares to a total of 1.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.44 million shares. There was a decline of -1.36%, which implies that there is a negative sentiment for the stock.
