Kennametal Inc’s filing revealed that its Officer Keating Michelle R acquired Company’s shares for reported $0.27 million on Nov 07 ’24. In the deal valued at $29.74 per share,9,000 shares were bought.
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Then, Davis Cindy L bought 13,053 shares, generating $402,469 in total proceeds.
Before that, Bacchus Judith L bought 32,000 shares. Kennametal Inc shares valued at $994,240 were divested by the Officer at a price of $31.07 per share.
BofA Securities downgraded its Kennametal Inc [KMT] rating to an Underperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early January with a ‘”an Equal-weight”‘ rating. UBS also remained covering KMT and has decreased its forecast on July 08, 2022 with a “Sell” recommendation from previously “Neutral” rating. Loop Capital revised its rating on April 06, 2022. It rated KMT as “a Hold” which previously was an “a Buy”.
Price Performance Review of KMT
On Monday, Kennametal Inc [NYSE:KMT] saw its stock jump 2.07% to $30.09. Over the last five days, the stock has gained 16.27%. Kennametal Inc shares have risen nearly 16.67% since the year began. Nevertheless, the stocks have risen 33.38% over the past one year. While a 52-week high of $32.18 was reached on 11/06/24, a 52-week low of $22.43 was recorded on 07/09/24. SMA at 50 days reached $25.77, while 200 days put it at $24.90.
Levels Of Support And Resistance For KMT Stock
The 24-hour chart illustrates a support level at 29.47, which if violated will result in even more drops to 28.86. On the upside, there is a resistance level at 30.53. A further resistance level may holdings at 30.98. The Relative Strength Index (RSI) on the 14-day chart is 69.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.84, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.84%. Stochastics %K at 66.17% indicates the stock is a holding.
How much short interest is there in Kennametal Inc?
A steep rise in short interest was recorded in Kennametal Inc stocks on 2024-10-15, growing by 0.68 million shares to a total of 6.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.8 million shares. There was a rise of 10.44%, which implies that there is a positive sentiment for the stock.
