Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kennametal Inc shares valued at $267,616 were purchased by Keating Michelle R on Nov 07 ’24. At $29.74 per share, Keating Michelle R acquired 9,000 shares.
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Also, Davis Cindy L purchased 13,053 shares, netting a total of over 402,469 in proceeds.
Before that, Bacchus Judith L had added 32,000 shares to its account. In a trade valued at $994,240, the Officer bought Kennametal Inc shares for $31.07 each.
As published in a research note from BofA Securities on October 18, 2024, Kennametal Inc [KMT] has been rated down from a Neutral to an Underperform and the price target has been revised to $26. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in early January. As of July 08, 2022, UBS has decreased its “Neutral” rating to a “Sell” for KMT. Earlier on April 06, 2022, Loop Capital downgraded its rating. Their new recommendation was “a Hold” for KMT stock which previously was a “a Buy”.
Analyzing KMT Stock Performance
During the last five days, there has been a surge of approximately 15.92%. Over the course of the year, Kennametal Inc shares have jumped approximately 13.80%. Shares of the company reached a 52-week high of $32.18 on 11/06/24 and a 52-week low of $22.50 on 07/09/24. A 50-day SMA is recorded $25.61, while a 200-day SMA reached $24.85. Nevertheless, trading volume fell to 2.15 million shares from 3.64 million shares the previous day.
Support And Resistance Levels for Kennametal Inc (KMT)
According to the 24-hour chart, there is a support level at 28.55, which, if violated, would cause prices to drop to 27.74. In the upper region, resistance lies at 30.69. The next price resistance is at 32.02. RSI (Relative Strength Index) is 67.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.88, which suggests the price will increase in the coming days. Percent R is at 37.70%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
