World Kinect Corp’s recent filing unveils that its Chairman, CEO and President KASBAR MICHAEL J unloaded Company’s shares for reported $1.65 million on Aug 19 ’24. In the deal valued at $27.92 per share,58,948 shares were sold. As a result of this transaction, KASBAR MICHAEL J now holds 1,019,063 shares worth roughly $29.88 million.
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Then, KASBAR MICHAEL J bought 58,948 shares, generating $1,645,927 in total proceeds.
Before that, STEBBINS PAUL H sold 34,264 shares. World Kinect Corp shares valued at $940,889 were divested by the Director at a price of $27.46 per share. As a result of the transaction, STEBBINS PAUL H now holds 0 shares, worth roughly $0.0.
Morgan Stanley downgraded its World Kinect Corp [WKC] rating to an Underweight from a an Equal-weight in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in late February with a ‘”a Neutral”‘ rating. Morgan Stanley began covering WKC with “an Equal-weight” recommendation on November 06, 2023. Raymond James started covering the stock on July 06, 2023. It rated WKC as “an Outperform”.
Price Performance Review of WKC
On Monday, World Kinect Corp [NYSE:WKC] saw its stock jump 1.10% to $29.32. Over the last five days, the stock has gained 6.58%. World Kinect Corp shares have risen nearly 28.71% since the year began. Nevertheless, the stocks have risen 26.32% over the past one year. While a 52-week high of $29.16 was reached on 09/16/24, a 52-week low of $17.69 was recorded on 01/18/24. SMA at 50 days reached $27.24, while 200 days put it at $24.93.
Levels Of Support And Resistance For WKC Stock
The 24-hour chart illustrates a support level at 28.59, which if violated will result in even more drops to 27.86. On the upside, there is a resistance level at 29.69. A further resistance level may holdings at 30.06. The Relative Strength Index (RSI) on the 14-day chart is 65.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.52%. Stochastics %K at 75.35% indicates the stock is a holding.
How much short interest is there in World Kinect Corp?
A steep rise in short interest was recorded in World Kinect Corp stocks on 2024-08-30, dropping by 71148.0 shares to a total of 5.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 5.71 million shares. There was a decline of -1.26%, which implies that there is a negative sentiment for the stock.
