The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Kinetik Holdings Inc shares valued at $228,965 were sold by Wall Matthew on Mar 28 ’24. At $39.82 per share, Wall Matthew sold 5,750 shares. The insider’s holdings dropped to 530,066 shares worth approximately $24.3 million following the completion of this transaction.
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Also, Carpenter Todd sold 2,500 shares, netting a total of over 99,550 in proceeds. Following the sale of shares at $39.82 each, the insider now holds 271,162 shares.
Before that, Howard Trevor had sold 7,000 shares from its account. In a trade valued at $263,340, the insider traded Kinetik Holdings Inc shares for $37.62 each. Upon closing the transaction, the insider’s holdings decreased to 7,000 shares, worth approximately $9.1 million.
Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in late April. As of March 25, 2024, RBC Capital Mkts has initiated its “an Outperform” rating for KNTK. Earlier on March 08, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for KNTK stock which previously was a “a Neutral”.
Analyzing KNTK Stock Performance
During the last five days, there has been a surge of approximately 5.65%. Over the course of the year, Kinetik Holdings Inc shares have jumped approximately 37.28%. Shares of the company reached a 52-week high of $47.41 on 09/18/24 and a 52-week low of $31.73 on 02/05/24. A 50-day SMA is recorded $42.93, while a 200-day SMA reached $38.39. Nevertheless, trading volume fell to 0.53 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Kinetik Holdings Inc (KNTK)
According to the 24-hour chart, there is a support level at 45.30, which, if violated, would cause prices to drop to 44.74. In the upper region, resistance lies at 46.91. The next price resistance is at 47.96. RSI (Relative Strength Index) is 65.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.40, which suggests the price will increase in the coming days. Percent R is at 32.57%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
