Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Korn Ferry shares valued at $662,978 were sold by Arian Mark on Jun 18 ’24. At $66.30 per share, Arian Mark sold 10,000 shares. The insider’s holdings dropped to 81,484 shares worth approximately $5.64 million following the completion of this transaction.
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Also, Arian Mark sold 5,000 shares, netting a total of over 333,636 in proceeds. Following the sale of shares at $66.73 each, the insider now holds 96,484 shares.
Before that, Arian Mark had sold 5,000 shares from its account. In a trade valued at $330,042, the CEO of Consulting traded Korn Ferry shares for $66.01 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $6.34 million.
As published in a research note from William Blair on February 29, 2024, Korn Ferry [KFY] has been rated up from a Mkt perform to an Outperform. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid September. As of November 25, 2022, William Blair has decreased its “an Outperform” rating to a “Mkt perform” for KFY. Earlier on November 25, 2020, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for KFY stock which previously was a “a Neutral”.
Analyzing KFY Stock Performance
During the last five days, there has been a surge of approximately 1.93%. Over the course of the year, Korn Ferry shares have jumped approximately 16.71%. Shares of the company reached a 52-week high of $75.30 on 07/31/24 and a 52-week low of $54.77 on 01/10/24. A 50-day SMA is recorded $69.52, while a 200-day SMA reached $63.40. Nevertheless, trading volume fell to 0.57 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for Korn Ferry (KFY)
According to the 24-hour chart, there is a support level at 68.65, which, if violated, would cause prices to drop to 68.04. In the upper region, resistance lies at 70.14. The next price resistance is at 71.02. RSI (Relative Strength Index) is 48.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.99, which suggests the price will decrease in the coming days. Percent R is at 61.38%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
