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. Keycorp shares valued at $719,692 were sold by Brady Amy G. on Aug 29 ’24. At $16.92 per share, Brady Amy G. sold 42,535 shares. The insider’s holdings dropped to 82,648 shares worth approximately $1.43 million following the completion of this transaction.
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Also, Brady Amy G. purchased 42,535 shares, netting a total of over 719,786 in proceeds.
Before that, Highsmith Carlton L had sold 10,000 shares from its account. In a trade valued at $162,100, the Director traded Keycorp shares for $16.21 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $0.81 million.
As published in a research note from UBS on July 08, 2024, Keycorp [KEY] has been rated down from a Buy to a Neutral and the price target has been revised to $15 from $16. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of January 08, 2024, Raymond James has initiated its “Mkt perform” rating for KEY. Earlier on December 20, 2023, Stephens upgraded its rating. Their new recommendation was “an Overweight” for KEY stock which previously was a “an Equal-weight”.
Analyzing KEY Stock Performance
During the last five days, there has been a surge of approximately 7.70%. Over the course of the year, Keycorp shares have jumped approximately 20.42%. Shares of the company reached a 52-week high of $17.39 on 09/19/24 and a 52-week low of $12.94 on 01/18/24. A 50-day SMA is recorded $15.97, while a 200-day SMA reached $14.79. Nevertheless, trading volume fell to 14.9 million shares from 10.04 million shares the previous day.
Support And Resistance Levels for Keycorp (KEY)
According to the 24-hour chart, there is a support level at 17.01, which, if violated, would cause prices to drop to 16.68. In the upper region, resistance lies at 17.53. The next price resistance is at 17.72. RSI (Relative Strength Index) is 65.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.47, which suggests the price will decrease in the coming days. Percent R is at 2.51%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
