Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kinder Morgan Inc shares valued at $1,078,155 were sold by Sanders Dax on Aug 14 ’24. At $21.00 per share, Sanders Dax sold 51,340 shares. The insider’s holdings dropped to 256,069 shares worth approximately $6.07 million following the completion of this transaction.
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Also, Sanders Dax sold 1,729 shares, netting a total of over 36,309 in proceeds. Following the sale of shares at $21.00 each, the insider now holds 307,409 shares.
Before that, Dax Sanders had added 53,069 shares to its account. In a trade valued at $1,108,081, the Affiliate bought Kinder Morgan Inc shares for $20.88 each.
As published in a research note from Morgan Stanley on September 16, 2024, Kinder Morgan Inc [KMI] has been rated up from an Underweight to an Equal-weight and the price target has been revised to $24. Analysts at Argus upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid July. As of June 04, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for KMI. Earlier on March 25, 2024, Truist downgraded its rating. Their new recommendation was “a Hold” for KMI stock which previously was a “a Buy”.
Analyzing KMI Stock Performance
During the last five days, there has been a surge of approximately 1.58%. Over the course of the year, Kinder Morgan Inc shares have jumped approximately 34.47%. Shares of the company reached a 52-week high of $23.83 on 10/07/24 and a 52-week low of $16.47 on 02/13/24. A 50-day SMA is recorded $21.61, while a 200-day SMA reached $19.36. Nevertheless, trading volume fell to 20.26 million shares from 6.73 million shares the previous day.
Support And Resistance Levels for Kinder Morgan Inc (KMI)
According to the 24-hour chart, there is a support level at 23.44, which, if violated, would cause prices to drop to 23.17. In the upper region, resistance lies at 23.91. The next price resistance is at 24.11. RSI (Relative Strength Index) is 74.40 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.75, which suggests the price will decrease in the coming days. Percent R is at 5.17%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
