Kodiak Gas Services Inc’s recent filing unveils that its 10% Owner Frontier TopCo Partnership, L. unloaded Company’s shares for reported $167.39 million on Sep 09 ’24. In the deal valued at $23.91 per share,7,000,000 shares were sold. As a result of this transaction, Frontier TopCo Partnership, L. now holds 52,000,000 shares worth roughly $1.54 billion.
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Then, Montana Margaret C bought 110 shares, generating $2,873 in total proceeds. Upon buying the shares at $26.12, the Director now owns 22,004 shares.
Before that, Montana Margaret C bought 2,000 shares. Kodiak Gas Services Inc shares valued at $50,500 were divested by the Director at a price of $25.25 per share. As a result of the transaction, Montana Margaret C now holds 16,375 shares, worth roughly $0.49 million.
Redburn Atlantic initiated its Kodiak Gas Services Inc [KGS] rating to a Buy in a research note published on September 19, 2024; the price target was $35. JP Morgan revised its rating on March 08, 2024. It rated KGS as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of KGS
On Monday, Kodiak Gas Services Inc [NYSE:KGS] saw its stock jump 0.20% to $29.64. Over the last five days, the stock has gained 10.06%. Kodiak Gas Services Inc shares have risen nearly 47.61% since the year began. Nevertheless, the stocks have risen 72.03% over the past one year. While a 52-week high of $29.91 was reached on 09/23/24, a 52-week low of $16.72 was recorded on 01/02/24. SMA at 50 days reached $27.42, while 200 days put it at $25.60.
Levels Of Support And Resistance For KGS Stock
The 24-hour chart illustrates a support level at 29.22, which if violated will result in even more drops to 28.80. On the upside, there is a resistance level at 30.29. A further resistance level may holdings at 30.94. The Relative Strength Index (RSI) on the 14-day chart is 65.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.57%. Stochastics %K at 90.38% indicates the stock is a selling.
How much short interest is there in Kodiak Gas Services Inc?
A steep rise in short interest was recorded in Kodiak Gas Services Inc stocks on 2024-08-30, growing by 1.61 million shares to a total of 3.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.68 million shares. There was a rise of 49.07%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 11, 2023 when Raymond James resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $23.
