In a filing, Kodiak Gas Services Inc revealed its 10% Owner Frontier TopCo Partnership, L. unloaded Company’s shares for reported $167.39 million on Sep 09 ’24. In the deal valued at $23.91 per share,7,000,000 shares were sold. As a result of this transaction, Frontier TopCo Partnership, L. now holds 52,000,000 shares worth roughly $1.65 billion.
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Then, Montana Margaret C bought 110 shares, generating $2,873 in total proceeds. Upon buying the shares at $26.12, the Director now owns 22,004 shares.
Before that, Montana Margaret C bought 2,000 shares. Kodiak Gas Services Inc shares valued at $50,500 were divested by the Director at a price of $25.25 per share. As a result of the transaction, Montana Margaret C now holds 16,375 shares, worth roughly $0.52 million.
Mizuho initiated its Kodiak Gas Services Inc [KGS] rating to an Outperform in a research note published on October 02, 2024; the price target was $36. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. Redburn Atlantic began covering KGS with “Buy” recommendation on September 19, 2024.
Price Performance Review of KGS
On Monday, Kodiak Gas Services Inc [NYSE:KGS] saw its stock jump 1.08% to $31.70. Over the last five days, the stock has gained 2.59%. Kodiak Gas Services Inc shares have risen nearly 57.87% since the year began. Nevertheless, the stocks have risen 82.29% over the past one year. While a 52-week high of $32.77 was reached on 10/11/24, a 52-week low of $16.72 was recorded on 01/02/24. SMA at 50 days reached $28.96, while 200 days put it at $27.00.
Levels Of Support And Resistance For KGS Stock
The 24-hour chart illustrates a support level at 30.82, which if violated will result in even more drops to 29.95. On the upside, there is a resistance level at 32.20. A further resistance level may holdings at 32.71. The Relative Strength Index (RSI) on the 14-day chart is 60.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.03%. Stochastics %K at 46.07% indicates the stock is a holding.
How much short interest is there in Kodiak Gas Services Inc?
A steep rise in short interest was recorded in Kodiak Gas Services Inc stocks on 2024-10-15, dropping by -0.68 million shares to a total of 2.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.15 million shares. There was a decline of -27.79%, which implies that there is a negative sentiment for the stock.
