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. KKR & Co. Inc shares valued at $149,350,000 were sold by KKR Genetic Disorder L.P. on Sep 13 ’24. At $25.75 per share, KKR Genetic Disorder L.P. sold 5,800,000 shares. The insider’s holdings dropped to 25,260,971 shares worth approximately $3.85 billion following the completion of this transaction.
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Also, KKR Group Partnership L.P. purchased 11,619,998 shares, netting a total of over 129,330,578 in proceeds. Following the buying of shares at $11.13 each, the insider now holds 92,959,984 shares.
Before that, KKR Group Partnership L.P. had sold 2,554,644 shares from its account. In a trade valued at $48,155,039, the 10% Owner traded KKR & Co. Inc shares for $18.85 each. Upon closing the transaction, the insider’s holdings decreased to 2,554,644 shares, worth approximately $0.0.
As published in their initiating research note from HSBC Securities on September 18, 2024, KKR & Co. Inc [KKR] has been a Buy and the price target has been revised to $148. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in mid September. As of August 27, 2024, Redburn Atlantic has initiated its “Buy” rating for KKR. Earlier on January 04, 2024, TD Cowen initiated its rating. Their recommendation was “an Outperform” for KKR stock.
Analyzing KKR Stock Performance
During the last five days, there has been a surge of approximately 8.62%. Over the course of the year, KKR & Co. Inc shares have jumped approximately 83.79%. Shares of the company reached a 52-week high of $153.51 on 11/06/24 and a 52-week low of $78.95 on 01/03/24. A 50-day SMA is recorded $131.63, while a 200-day SMA reached $110.36. Nevertheless, trading volume fell to 7.16 million shares from 3.42 million shares the previous day.
Support And Resistance Levels for KKR & Co. Inc (KKR)
According to the 24-hour chart, there is a support level at 148.38, which, if violated, would cause prices to drop to 144.50. In the upper region, resistance lies at 154.83. The next price resistance is at 157.40. RSI (Relative Strength Index) is 73.99 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.23, which suggests the price will increase in the coming days. Percent R is at 7.01%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
