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William Blair upgrades Korn Ferry (KFY) stock to an Outperform

Korn Ferry’s recently made public that its CEO of Consulting Arian Mark unloaded Company’s shares for reported $0.66 million on Jun 18 ’24. In the deal valued at $66.30 per share,10,000 shares were sold. As a result of this transaction, Arian Mark now holds 81,484 shares worth roughly $ 5.62 million.

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Then, Arian Mark sold 5,000 shares, generating $333,636 in total proceeds. Upon selling the shares at $66.73, the CEO of Consulting now owns 96,484 shares.

Before that, Arian Mark sold 5,000 shares. Korn Ferry shares valued at $330,042 were divested by the CEO of Consulting at a price of $66.01 per share. As a result of the transaction, Arian Mark now holds 91,484 shares, worth roughly $6.31 million.

William Blair upgraded its Korn Ferry [KFY] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid September with a ‘”a Neutral”‘ rating. William Blair also remained covering KFY and has decreased its forecast on November 25, 2022 with a “Mkt perform” recommendation from previously “an Outperform” rating. Robert W. Baird revised its rating on November 25, 2020. It rated KFY as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of KFY

On Monday, Korn Ferry [NYSE:KFY] saw its stock jump 3.56% to $68.99. Over the last five days, the stock has lost -5.56%. Korn Ferry shares have risen nearly 16.24% since the year began. Nevertheless, the stocks have risen 41.49% over the past one year. While a 52-week high of $75.30 was reached on 07/31/24, a 52-week low of $44.45 was recorded on 01/10/24. SMA at 50 days reached $69.38, while 200 days put it at $63.12.

Levels Of Support And Resistance For KFY Stock

The 24-hour chart illustrates a support level at 67.33, which if violated will result in even more drops to 65.67. On the upside, there is a resistance level at 70.24. A further resistance level may holdings at 71.48. The Relative Strength Index (RSI) on the 14-day chart is 47.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.42%. Stochastics %K at 12.94% indicates the stock is a buying.

How much short interest is there in Korn Ferry?

A steep rise in short interest was recorded in Korn Ferry stocks on 2024-08-15, dropping by -0.25 million shares to a total of 0.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.76 million shares. There was a decline of -47.62%, which implies that there is a negative sentiment for the stock.

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