Kimco Realty Corporation’s filing revealed that its Chief Operating Officer Jamieson David unloaded Company’s shares for reported $1.1 million on Aug 02 ’24. In the deal valued at $21.92 per share,50,000 shares were sold. As a result of this transaction, Jamieson David now holds 337,111 shares worth roughly $7.97 million.
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Then, David R. Jamieson bought 50,000 shares, generating $1,104,000 in total proceeds.
Before that, LOURENSO FRANK sold 8,890 shares. Kimco Realty Corporation shares valued at $172,653 were divested by the Director at a price of $19.42 per share. As a result of the transaction, LOURENSO FRANK now holds 203,534 shares, worth roughly $4.81 million.
Mizuho downgraded its Kimco Realty Corporation [KIM] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid August from “a Mkt perform” to “a Strong buy”. BofA Securities also remained covering KIM and has decreased its forecast on April 05, 2024 with a “Neutral” recommendation from previously “Buy” rating. Citigroup revised its rating on March 22, 2024. It rated KIM as “a Neutral” which previously was an “a Buy”.
Price Performance Review of KIM
On Tuesday, Kimco Realty Corporation [NYSE:KIM] saw its stock unchanged to $23.63. Over the last five days, the stock has gained 0.21%. Kimco Realty Corporation shares have risen nearly 10.89% since the year began. Nevertheless, the stocks have risen 34.17% over the past one year. While a 52-week high of $24.25 was reached on 09/16/24, a 52-week low of $16.27 was recorded on 04/16/24. SMA at 50 days reached $22.47, while 200 days put it at $20.29.
Levels Of Support And Resistance For KIM Stock
The 24-hour chart illustrates a support level at 23.40, which if violated will result in even more drops to 23.18. On the upside, there is a resistance level at 23.83. A further resistance level may holdings at 24.03. The Relative Strength Index (RSI) on the 14-day chart is 60.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.35%. Stochastics %K at 47.56% indicates the stock is a holding.
How much short interest is there in Kimco Realty Corporation?
A steep rise in short interest was recorded in Kimco Realty Corporation stocks on 2024-08-30, dropping by -2.44 million shares to a total of 14.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 17.11 million shares. There was a decline of -16.67%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 30, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $23 price target.
