Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kyndryl Holdings Inc shares valued at $802,244 were sold by Khurana Vineet on Jun 03 ’24. At $26.36 per share, Khurana Vineet sold 30,430 shares. The insider’s holdings dropped to 78,722 shares worth approximately $1.89 million following the completion of this transaction.
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As published in their initiating research note from Oppenheimer on June 27, 2024, Kyndryl Holdings Inc [KD] has been an Outperform and the price target has been revised to $33. Analysts at Susquehanna upgraded the stock from ‘”a Neutral”‘ to ‘”a Positive”‘ outlook in a report released in mid February. As of January 08, 2024, Evercore ISI has increased its “an In-line” rating to a “an Outperform” for KD. Earlier on December 18, 2023, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for KD stock which previously was a “a Neutral”.
Analyzing KD Stock Performance
During the last five days, there has been a drop of approximately -4.08%. Over the course of the year, Kyndryl Holdings Inc shares have jumped approximately 15.54%. Shares of the company reached a 52-week high of $28.60 on 05/22/24 and a 52-week low of $19.19 on 01/04/24. A 50-day SMA is recorded $23.58, while a 200-day SMA reached $23.40. Nevertheless, trading volume fell to 1.48 million shares from 1.51 million shares the previous day.
Support And Resistance Levels for Kyndryl Holdings Inc (KD)
According to the 24-hour chart, there is a support level at 23.84, which, if violated, would cause prices to drop to 23.66. In the upper region, resistance lies at 24.30. The next price resistance is at 24.59. RSI (Relative Strength Index) is 49.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.22, which suggests the price will decrease in the coming days. Percent R is at 60.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
