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. Kinder Morgan Inc shares valued at $17,080,324 were sold by SHAPER C PARK on Oct 21 ’24. At $24.75 per share, SHAPER C PARK sold 690,142 shares. The insider’s holdings dropped to 6,809,858 shares worth approximately $169.16 million following the completion of this transaction.
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Also, SHAPER C PARK sold 209,858 shares, netting a total of over 5,183,157 in proceeds. Following the sale of shares at $24.70 each, the insider now holds 6,500,000 shares.
Before that, SHAPER C PARK had added 209,858 shares to its account. In a trade valued at $5,175,000, the Director bought Kinder Morgan Inc shares for $24.66 each.
Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid October. As of September 16, 2024, Morgan Stanley has increased its “an Underweight” rating to a “an Equal-weight” for KMI. Earlier on July 19, 2024, Argus upgraded its rating. Their new recommendation was “a Buy” for KMI stock which previously was a “a Hold”.
Analyzing KMI Stock Performance
During the last five days, there has been a surge of approximately 0.28%. Over the course of the year, Kinder Morgan Inc shares have jumped approximately 40.82%. Shares of the company reached a 52-week high of $25.43 on 10/17/24 and a 52-week low of $16.47 on 02/13/24. A 50-day SMA is recorded $22.71, while a 200-day SMA reached $19.85. Nevertheless, trading volume fell to 14.01 million shares from 10.09 million shares the previous day.
Support And Resistance Levels for Kinder Morgan Inc (KMI)
According to the 24-hour chart, there is a support level at 24.63, which, if violated, would cause prices to drop to 24.41. In the upper region, resistance lies at 25.08. The next price resistance is at 25.31. RSI (Relative Strength Index) is 67.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 37.58%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
