Kirby Corp.’s recent filing unveils that its Vice President and Controller DRAGG RONALD A unloaded Company’s shares for reported $0.16 million on Aug 28 ’24. In the deal valued at $118.00 per share,1,398 shares were sold. As a result of this transaction, DRAGG RONALD A now holds 7,683 shares worth roughly $0.92 million.
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Then, DRAGG RONALD A bought 1,398 shares, generating $164,964 in total proceeds.
Before that, O’Neil Christian G. sold 12,730 shares. Kirby Corp. shares valued at $1,405,519 were divested by the President and COO at a price of $110.41 per share. As a result of the transaction, O’Neil Christian G. now holds 16,079 shares, worth roughly $1.93 million.
Wolfe Research initiated its Kirby Corp. [KEX] rating to an Outperform in a research note published on April 22, 2024; the price target was $126. A number of analysts have revised their coverage, including BTIG Research’s analysts, who increased its forecast for the stock in late January from “a Neutral” to “a Buy”. Stifel also remained covering KEX and has increased its forecast on October 12, 2021 with a “Buy” recommendation from previously “Hold” rating. Gabelli & Co revised its rating on May 07, 2021. It rated KEX as “a Hold” which previously was an “a Buy”.
Price Performance Review of KEX
On Friday, Kirby Corp. [NYSE:KEX] saw its stock jump 0.99% to $119.92. Over the last five days, the stock has gained 0.75%. Kirby Corp. shares have risen nearly 52.80% since the year began. Nevertheless, the stocks have risen 44.85% over the past one year. While a 52-week high of $130.90 was reached on 07/17/24, a 52-week low of $72.11 was recorded on 01/11/24. SMA at 50 days reached $118.92, while 200 days put it at $99.41.
Levels Of Support And Resistance For KEX Stock
The 24-hour chart illustrates a support level at 118.36, which if violated will result in even more drops to 116.81. On the upside, there is a resistance level at 120.88. A further resistance level may holdings at 121.84. The Relative Strength Index (RSI) on the 14-day chart is 55.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.29%. Stochastics %K at 76.87% indicates the stock is a holding.
How much short interest is there in Kirby Corp.?
A steep rise in short interest was recorded in Kirby Corp. stocks on 2024-08-15, dropping by 19095.0 shares to a total of 0.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.81 million shares. There was a decline of -2.42%, which implies that there is a negative sentiment for the stock.
