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. Kodiak Gas Services Inc shares valued at $167,387,500 were sold by Frontier TopCo Partnership, L. on Sep 09 ’24. At $23.91 per share, Frontier TopCo Partnership, L. sold 7,000,000 shares. The insider’s holdings dropped to 52,000,000 shares worth approximately $1.81 billion following the completion of this transaction.
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Also, Montana Margaret C purchased 110 shares, netting a total of over 2,873 in proceeds. Following the buying of shares at $26.12 each, the insider now holds 22,004 shares.
Before that, Montana Margaret C had added 2,000 shares to its account. In a trade valued at $50,500, the Director bought Kodiak Gas Services Inc shares for $25.25 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $0.57 million.
As published in their initiating research note from Mizuho on October 02, 2024, Kodiak Gas Services Inc [KGS] has been an Outperform and the price target has been revised to $36. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in late September. As of September 19, 2024, Redburn Atlantic has initiated its “Buy” rating for KGS.
Analyzing KGS Stock Performance
During the last five days, there has been a surge of approximately 9.49%. Over the course of the year, Kodiak Gas Services Inc shares have jumped approximately 73.46%. Shares of the company reached a 52-week high of $35.21 on 11/06/24 and a 52-week low of $20.01 on 01/02/24. A 50-day SMA is recorded $29.73, while a 200-day SMA reached $27.37. Nevertheless, trading volume fell to 0.9 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Kodiak Gas Services Inc (KGS)
According to the 24-hour chart, there is a support level at 33.50, which, if violated, would cause prices to drop to 32.16. In the upper region, resistance lies at 35.69. The next price resistance is at 36.54. RSI (Relative Strength Index) is 74.57 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.22, which suggests the price will increase in the coming days. Percent R is at 7.24%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
