Kinder Morgan Inc’s recently made public that its VP (Pres., Products Pipelines) Sanders Dax unloaded Company’s shares for reported $1.08 million on Aug 14 ’24. In the deal valued at $21.00 per share,51,340 shares were sold. As a result of this transaction, Sanders Dax now holds 256,069 shares worth roughly $6.04 million.
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Then, Sanders Dax sold 1,729 shares, generating $36,309 in total proceeds. Upon selling the shares at $21.00, the VP (Pres., Products Pipelines) now owns 307,409 shares.
Before that, Dax Sanders bought 53,069 shares. Kinder Morgan Inc shares valued at $1,108,081 were divested by the Affiliate at a price of $20.88 per share.
Morgan Stanley upgraded its Kinder Morgan Inc [KMI] rating to an Equal-weight from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in mid July from “a Hold” to “a Buy”. Wells Fargo also remained covering KMI and has increased its forecast on June 04, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Truist revised its rating on March 25, 2024. It rated KMI as “a Hold” which previously was an “a Buy”.
Price Performance Review of KMI
On Monday, Kinder Morgan Inc [NYSE:KMI] saw its stock fall -0.17% to $23.58. Over the last five days, the stock has gained 6.75%. Kinder Morgan Inc shares have risen nearly 33.67% since the year began. Nevertheless, the stocks have risen 45.92% over the past one year. While a 52-week high of $23.65 was reached on 10/07/24, a 52-week low of $15.90 was recorded on 02/13/24. SMA at 50 days reached $21.48, while 200 days put it at $19.27.
Levels Of Support And Resistance For KMI Stock
The 24-hour chart illustrates a support level at 23.49, which if violated will result in even more drops to 23.40. On the upside, there is a resistance level at 23.75. A further resistance level may holdings at 23.93. The Relative Strength Index (RSI) on the 14-day chart is 77.20, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.71%. Stochastics %K at 94.88% indicates the stock is a selling.
How much short interest is there in Kinder Morgan Inc?
A steep rise in short interest was recorded in Kinder Morgan Inc stocks on 2024-09-13, growing by 1.72 million shares to a total of 42.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 40.47 million shares. There was a rise of 4.07%, which implies that there is a positive sentiment for the stock.
