Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Keurig Dr Pepper Inc shares valued at $3,695,890 were purchased by YOUNG LARRY D on Sep 03 ’24. At $36.96 per share, YOUNG LARRY D acquired 100,000 shares.
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Also, YOUNG LARRY D purchased 100,000 shares, netting a total of over 3,495,896 in proceeds.
Before that, Archambault Matthew Andrew had sold 8,000 shares from its account. In a trade valued at $273,520, the President, US Refreshment Bev. traded Keurig Dr Pepper Inc shares for $34.19 each. Upon closing the transaction, the insider’s holdings decreased to 8,000 shares, worth approximately $0.46 million.
As published in their initiating research note from Exane BNP Paribas on June 24, 2024, Keurig Dr Pepper Inc [KDP] has been a Neutral and the price target has been revised to $36. Analysts at Truist upgraded the stock from ‘”a Sell”‘ to ‘”a Hold”‘ outlook in a report released in mid June. As of January 03, 2024, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for KDP. Earlier on December 22, 2023, HSBC Securities initiated its rating. Their recommendation was “a Hold” for KDP stock.
Analyzing KDP Stock Performance
During the last five days, there has been a surge of approximately 2.07%. Over the course of the year, Keurig Dr Pepper Inc shares have jumped approximately 10.95%. Shares of the company reached a 52-week high of $37.58 on 09/03/24 and a 52-week low of $28.61 on 03/15/24. A 50-day SMA is recorded $34.31, while a 200-day SMA reached $32.61. Nevertheless, trading volume fell to 5.27 million shares from 7.26 million shares the previous day.
Support And Resistance Levels for Keurig Dr Pepper Inc (KDP)
According to the 24-hour chart, there is a support level at 36.70, which, if violated, would cause prices to drop to 36.43. In the upper region, resistance lies at 37.30. The next price resistance is at 37.63. RSI (Relative Strength Index) is 73.17 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.94, which suggests the price will decrease in the coming days. Percent R is at 26.07%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
