Kinder Morgan Inc’s filing revealed that its Director SHAPER C PARK unloaded Company’s shares for reported $17.08 million on Oct 21 ’24. In the deal valued at $24.75 per share,690,142 shares were sold. As a result of this transaction, SHAPER C PARK now holds 6,809,858 shares worth roughly $168.27 million.
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Then, SHAPER C PARK sold 209,858 shares, generating $5,183,157 in total proceeds. Upon selling the shares at $24.70, the Director now owns 6,500,000 shares.
Before that, SHAPER C PARK bought 209,858 shares. Kinder Morgan Inc shares valued at $5,175,000 were divested by the Director at a price of $24.66 per share.
A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “a Buy”. Morgan Stanley also remained covering KMI and has increased its forecast on September 16, 2024 with a “an Equal-weight” recommendation from previously “an Underweight” rating. Argus revised its rating on July 19, 2024. It rated KMI as “a Buy” which previously was an “a Hold”.
Price Performance Review of KMI
On Tuesday, Kinder Morgan Inc [NYSE:KMI] saw its stock jump 0.90% to $24.71. Over the last five days, the stock has gained 0.32%. Kinder Morgan Inc shares have risen nearly 40.08% since the year began. Nevertheless, the stocks have risen 46.47% over the past one year. While a 52-week high of $25.43 was reached on 10/17/24, a 52-week low of $16.17 was recorded on 02/13/24. SMA at 50 days reached $22.97, while 200 days put it at $19.99.
Levels Of Support And Resistance For KMI Stock
The 24-hour chart illustrates a support level at 24.51, which if violated will result in even more drops to 24.32. On the upside, there is a resistance level at 24.93. A further resistance level may holdings at 25.15. The Relative Strength Index (RSI) on the 14-day chart is 61.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.32%. Stochastics %K at 29.80% indicates the stock is a holding.
How much short interest is there in Kinder Morgan Inc?
A steep rise in short interest was recorded in Kinder Morgan Inc stocks on 2024-10-15, growing by 2.87 million shares to a total of 45.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 42.19 million shares. There was a rise of 6.37%, which implies that there is a positive sentiment for the stock.
