In a filing, Kinder Morgan Inc revealed its Director SHAPER C PARK acquired Company’s shares for reported $5.17 million on Oct 22 ’24. In the deal valued at $24.66 per share,209,858 shares were bought.
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Then, SHAPER C PARK bought 900,000 shares, generating $22,275,000 in total proceeds.
Before that, Sanders Dax sold 51,340 shares. Kinder Morgan Inc shares valued at $1,078,155 were divested by the VP (Pres., Products Pipelines) at a price of $21.00 per share. As a result of the transaction, Sanders Dax now holds 256,069 shares, worth roughly $6.35 million.
A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “a Buy”. Morgan Stanley also remained covering KMI and has increased its forecast on September 16, 2024 with a “an Equal-weight” recommendation from previously “an Underweight” rating. Argus revised its rating on July 19, 2024. It rated KMI as “a Buy” which previously was an “a Hold”.
Price Performance Review of KMI
On Tuesday, Kinder Morgan Inc [NYSE:KMI] saw its stock jump 0.28% to $24.81. Over the last five days, the stock has gained 0.20%. Kinder Morgan Inc shares have risen nearly 40.65% since the year began. Nevertheless, the stocks have risen 46.03% over the past one year. While a 52-week high of $25.43 was reached on 10/17/24, a 52-week low of $15.91 was recorded on 02/13/24. SMA at 50 days reached $22.26, while 200 days put it at $19.64.
Levels Of Support And Resistance For KMI Stock
The 24-hour chart illustrates a support level at 24.60, which if violated will result in even more drops to 24.39. On the upside, there is a resistance level at 24.99. A further resistance level may holdings at 25.18. The Relative Strength Index (RSI) on the 14-day chart is 73.93, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.44%. Stochastics %K at 79.38% indicates the stock is a holding.
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.
