In a filing, Kennametal Inc. revealed its Vice President Witt John Wayne unloaded Company’s shares for reported $14111.0 on Jun 13 ’24. In the deal valued at $24.37 per share,579 shares were sold. As a result of this transaction, Witt John Wayne now holds 764 shares worth roughly $19764.68.
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Then, Chowbey Sanjay bought 5,000 shares, generating $121,403 in total proceeds. Upon buying the shares at $24.28, the President and CEO now owns 49,270 shares.
Before that, Keating Michelle R sold 12,000 shares. Kennametal Inc. shares valued at $313,140 were divested by the Vice President at a price of $26.09 per share. As a result of the transaction, Keating Michelle R now holds 33,008 shares, worth roughly $0.85 million.
Morgan Stanley initiated its Kennametal Inc. [KMT] rating to an Equal-weight in a research note published on January 08, 2024; the price target was $24. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in early July from “a Neutral” to “a Sell”. Loop Capital also remained covering KMT and has decreased its forecast on April 06, 2022 with a “Hold” recommendation from previously “Buy” rating. JP Morgan revised its rating on March 28, 2022. It rated KMT as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of KMT
On Friday, Kennametal Inc. [NYSE:KMT] saw its stock jump 0.43% to $25.87. Over the last five days, the stock has gained 0.04%. Kennametal Inc. shares have risen nearly 0.31% since the year began. Nevertheless, the stocks have fallen -3.83% over the past one year. While a 52-week high of $27.05 was reached on 07/31/24, a 52-week low of $22.08 was recorded on 07/09/24. SMA at 50 days reached $24.51, while 200 days put it at $24.61.
Levels Of Support And Resistance For KMT Stock
The 24-hour chart illustrates a support level at 25.53, which if violated will result in even more drops to 25.20. On the upside, there is a resistance level at 26.15. A further resistance level may holdings at 26.44. The Relative Strength Index (RSI) on the 14-day chart is 61.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.09%. Stochastics %K at 81.03% indicates the stock is a selling.
How much short interest is there in Kennametal Inc.?
A steep rise in short interest was recorded in Kennametal Inc. stocks on 2024-08-15, dropping by -0.41 million shares to a total of 5.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 5.97 million shares. There was a decline of -7.39%, which implies that there is a negative sentiment for the stock.
