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 $6.36 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid October. As of September 16, 2024, Morgan Stanley has increased its “an Underweight” rating to a “an Equal-weight” for KMI. Earlier on July 19, 2024, Argus upgraded its rating. Their new recommendation was “a Buy” for KMI stock which previously was a “a Hold”.
Analyzing KMI Stock Performance
During the last five days, there has been a surge of approximately 4.64%. Over the course of the year, Kinder Morgan Inc shares have jumped approximately 40.70%. Shares of the company reached a 52-week high of $25.43 on 10/17/24 and a 52-week low of $16.47 on 02/13/24. A 50-day SMA is recorded $22.03, while a 200-day SMA reached $19.54. Nevertheless, trading volume fell to 24.13 million shares from 17.6 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 24.40, which, if violated, would cause prices to drop to 23.99. In the upper region, resistance lies at 25.33. The next price resistance is at 25.85. RSI (Relative Strength Index) is 77.56 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.07, which suggests the price will increase in the coming days. Percent R is at 16.14%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
