The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Kimberly-Clark Corp. shares valued at $250,695 were sold by Uribe Gonzalo on Jul 29 ’24. At $140.84 per share, Uribe Gonzalo sold 1,780 shares. The insider’s holdings dropped to 7,377 shares worth approximately $1.01 million following the completion of this transaction.
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Also, Uribe Gonzalo purchased 1,780 shares, netting a total of over 250,636 in proceeds.
Before that, Melucci Jeffrey P. had sold 37,699 shares from its account. In a trade valued at $5,331,566, the Chief Bus. & Transf. Officer traded Kimberly-Clark Corp. shares for $141.42 each. Upon closing the transaction, the insider’s holdings decreased to 37,699 shares, worth approximately $2.73 million.
As published in their initiating research note from TD Cowen on July 23, 2024, Kimberly-Clark Corp. [KMB] has been a Buy and the price target has been revised to $161. Analysts at Exane BNP Paribas started covering the stock with ‘”a Neutral”‘ outlook in a report released in late June. As of June 13, 2024, BofA Securities has increased its “an Underperform” rating to a “Buy” for KMB. Earlier on June 03, 2024, RBC Capital Mkts upgraded its rating. Their new recommendation was “an Outperform” for KMB stock which previously was a “a Sector perform”.
Analyzing KMB Stock Performance
During the last five days, there has been a drop of approximately -6.20%. Over the course of the year, Kimberly-Clark Corp. shares have jumped approximately 12.66%. Shares of the company reached a 52-week high of $149.30 on 09/05/24 and a 52-week low of $117.67 on 02/14/24. A 50-day SMA is recorded $143.10, while a 200-day SMA reached $133.92. Nevertheless, trading volume fell to 2.64 million shares from 4.18 million shares the previous day.
Support And Resistance Levels for Kimberly-Clark Corp. (KMB)
According to the 24-hour chart, there is a support level at 135.95, which, if violated, would cause prices to drop to 135.01. In the upper region, resistance lies at 138.18. The next price resistance is at 139.48. RSI (Relative Strength Index) is 33.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.83, which suggests the price will decrease in the coming days. Percent R is at 94.30%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
