In a filing, Kinder Morgan Inc revealed 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 $-6.37 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.
BofA Securities upgraded its Kinder Morgan Inc [KMI] rating to a Buy from a a Neutral in a research note published on October 11, 2024; the price target was increased to $27 from $23. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid September from “an Underweight” to “an Equal-weight”. Argus also remained covering KMI and has increased its forecast on July 19, 2024 with a “Buy” recommendation from previously “Hold” rating. Wells Fargo revised its rating on June 04, 2024. It rated KMI as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of KMI
On Monday, Kinder Morgan Inc [NYSE:KMI] saw its stock jump 0.73% to $24.88. Over the last five days, the stock has gained 5.51%. Kinder Morgan Inc shares have risen nearly 41.04% since the year began. Nevertheless, the stocks have risen 47.13% over the past one year. While a 52-week high of $24.70 was reached on 10/14/24, a 52-week low of $15.91 was recorded on 02/13/24. SMA at 50 days reached $21.77, while 200 days put it at $19.43.
Levels Of Support And Resistance For KMI Stock
The 24-hour chart illustrates a support level at 24.59, which if violated will result in even more drops to 24.29. On the upside, there is a resistance level at 25.10. A further resistance level may holdings at 25.31. The Relative Strength Index (RSI) on the 14-day chart is 81.96, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.10%. Stochastics %K at 96.91% 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 2024-09-30, dropping by -3.54 million shares to a total of 39.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 43.45 million shares. There was a decline of -8.87%, which implies that there is a negative sentiment for the stock.
