Keycorp’s recent filing unveils that its Chief Information Officer Brady Amy G. unloaded Company’s shares for reported $0.72 million on Aug 29 ’24. In the deal valued at $16.92 per share,42,535 shares were sold. As a result of this transaction, Brady Amy G. now holds 82,648 shares worth roughly $1.39 million.
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Then, Brady Amy G. bought 42,535 shares, generating $719,786 in total proceeds.
Before that, Highsmith Carlton L sold 10,000 shares. Keycorp shares valued at $162,100 were divested by the Director at a price of $16.21 per share. As a result of the transaction, Highsmith Carlton L now holds 46,864 shares, worth roughly $0.79 million.
UBS downgraded its Keycorp [KEY] rating to a Neutral from a a Buy in a research note published on July 08, 2024; the price target was decreased to $15 from $16. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. Raymond James began covering KEY with “Mkt perform” recommendation on January 08, 2024. Stephens revised its rating on December 20, 2023. It rated KEY as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of KEY
On Monday, Keycorp [NYSE:KEY] saw its stock fall -0.06% to $16.77. Over the last five days, the stock has gained 0.12%. Keycorp shares have risen nearly 16.46% since the year began. Nevertheless, the stocks have risen 62.82% over the past one year. While a 52-week high of $17.39 was reached on 09/19/24, a 52-week low of $9.50 was recorded on 01/18/24. SMA at 50 days reached $16.17, while 200 days put it at $14.97.
Levels Of Support And Resistance For KEY Stock
The 24-hour chart illustrates a support level at 16.59, which if violated will result in even more drops to 16.41. On the upside, there is a resistance level at 16.91. A further resistance level may holdings at 17.05. The Relative Strength Index (RSI) on the 14-day chart is 55.41, 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 42.91%. Stochastics %K at 48.10% indicates the stock is a holding.
How much short interest is there in Keycorp?
A steep rise in short interest was recorded in Keycorp stocks on 2024-09-13, dropping by -2.46 million shares to a total of 16.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 19.16 million shares. There was a decline of -14.76%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 14, 2023 when Wells Fargo resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $16.
