Kimberly-Clark Corp.’s filing revealed that its President, Latin America Uribe Gonzalo unloaded Company’s shares for reported $0.25 million on Jul 29 ’24. In the deal valued at $140.84 per share,1,780 shares were sold. As a result of this transaction, Uribe Gonzalo now holds 7,377 shares worth roughly $1.0 million.
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Then, Uribe Gonzalo bought 1,780 shares, generating $250,636 in total proceeds.
Before that, Melucci Jeffrey P. sold 37,699 shares. Kimberly-Clark Corp. shares valued at $5,331,566 were divested by the Chief Bus. & Transf. Officer at a price of $141.42 per share. As a result of the transaction, Melucci Jeffrey P. now holds 19,935 shares, worth roughly $2.7 million.
TD Cowen initiated its Kimberly-Clark Corp. [KMB] rating to a Buy in a research note published on July 23, 2024; the price target was $161. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in late June with a ‘”a Neutral”‘ rating. BofA Securities also remained covering KMB and has increased its forecast on June 13, 2024 with a “Buy” recommendation from previously “an Underperform” rating. RBC Capital Mkts revised its rating on June 03, 2024. It rated KMB as “an Outperform” which previously was an “a Sector perform”.
Price Performance Review of KMB
On Friday, Kimberly-Clark Corp. [NYSE:KMB] saw its stock fall -1.09% to $135.52. Over the last five days, the stock has lost -6.80%. Kimberly-Clark Corp. shares have risen nearly 11.53% since the year began. Nevertheless, the stocks have risen 14.09% over the past one year. While a 52-week high of $149.30 was reached on 09/05/24, a 52-week low of $116.63 was recorded on 02/14/24. SMA at 50 days reached $142.90, while 200 days put it at $134.05.
Levels Of Support And Resistance For KMB Stock
The 24-hour chart illustrates a support level at 134.82, which if violated will result in even more drops to 134.13. On the upside, there is a resistance level at 136.72. A further resistance level may holdings at 137.93. The Relative Strength Index (RSI) on the 14-day chart is 30.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.32%. Stochastics %K at 5.16% indicates the stock is a buying.
How much short interest is there in Kimberly-Clark Corp.?
A steep rise in short interest was recorded in Kimberly-Clark Corp. stocks on 2024-10-15, dropping by -0.78 million shares to a total of 4.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.06 million shares. There was a decline of -18.24%, which implies that there is a negative sentiment for the stock.
