Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Kodiak Gas Services Inc shares valued at $167,387,500 were sold by Frontier TopCo Partnership, L. on Sep 09 ’24. At $23.91 per share, Frontier TopCo Partnership, L. sold 7,000,000 shares. The insider’s holdings dropped to 52,000,000 shares worth approximately $1.49 billion following the completion of this transaction.
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Also, Montana Margaret C purchased 110 shares, netting a total of over 2,873 in proceeds. Following the buying of shares at $26.12 each, the insider now holds 22,004 shares.
Before that, Montana Margaret C had added 2,000 shares to its account. In a trade valued at $50,500, the Director bought Kodiak Gas Services Inc shares for $25.25 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $0.47 million.
As of March 08, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for KGS. Earlier on August 11, 2023, Raymond James resumed its rating. Their recommendation was “an Outperform” for KGS stock.
Analyzing KGS Stock Performance
During the last five days, there has been a surge of approximately 9.22%. Over the course of the year, Kodiak Gas Services Inc shares have jumped approximately 42.78%. Shares of the company reached a 52-week high of $29.75 on 07/18/24 and a 52-week low of $20.01 on 01/02/24. A 50-day SMA is recorded $27.28, while a 200-day SMA reached $25.42. Nevertheless, trading volume fell to 1.04 million shares from 0.9 million shares the previous day.
Support And Resistance Levels for Kodiak Gas Services Inc (KGS)
According to the 24-hour chart, there is a support level at 28.15, which, if violated, would cause prices to drop to 27.63. In the upper region, resistance lies at 29.18. The next price resistance is at 29.69. RSI (Relative Strength Index) is 61.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.07, which suggests the price will increase in the coming days. Percent R is at 12.63%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
