KKR & Co. Inc’s recent filing unveils that its 10% Owner KKR Genetic Disorder L.P. unloaded Company’s shares for reported $149.35 million on Sep 13 ’24. In the deal valued at $25.75 per share,5,800,000 shares were sold. As a result of this transaction, KKR Genetic Disorder L.P. now holds 25,260,971 shares worth roughly $3.53 billion.
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Then, KKR Group Partnership L.P. bought 11,619,998 shares, generating $129,330,578 in total proceeds. Upon buying the shares at $11.13, the 10% Owner now owns 92,959,984 shares.
Before that, KKR Group Partnership L.P. sold 2,554,644 shares. KKR & Co. Inc shares valued at $48,155,039 were divested by the 10% Owner at a price of $18.85 per share. As a result of the transaction, KKR Group Partnership L.P. now holds 0 shares, worth roughly $0.0.
HSBC Securities initiated its KKR & Co. Inc [KKR] rating to a Buy in a research note published on September 18, 2024; the price target was $148. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid September with a ‘”an Equal weight”‘ rating. Redburn Atlantic began covering KKR with “Buy” recommendation on August 27, 2024. TD Cowen started covering the stock on January 04, 2024. It rated KKR as “an Outperform”.
Price Performance Review of KKR
On Friday, KKR & Co. Inc [NYSE:KKR] saw its stock jump 1.43% to $139.81. Over the last five days, the stock has gained 3.11%. KKR & Co. Inc shares have risen nearly 68.75% since the year began. Nevertheless, the stocks have risen 141.26% over the past one year. While a 52-week high of $139.82 was reached on 10/18/24, a 52-week low of $53.72 was recorded on 01/03/24. SMA at 50 days reached $125.96, while 200 days put it at $106.57.
Levels Of Support And Resistance For KKR Stock
The 24-hour chart illustrates a support level at 138.06, which if violated will result in even more drops to 136.30. On the upside, there is a resistance level at 140.86. A further resistance level may holdings at 141.91. The Relative Strength Index (RSI) on the 14-day chart is 70.74, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.00%. Stochastics %K at 85.49% indicates the stock is a selling.
How much short interest is there in KKR & Co. Inc?
A steep rise in short interest was recorded in KKR & Co. Inc stocks on 2024-09-30, growing by 0.4 million shares to a total of 13.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 13.0 million shares. There was a rise of 2.99%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 30, 2023 when Oppenheimer resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $94.
