In a filing, Kinder Morgan Inc revealed its President MARTIN THOMAS A unloaded Company’s shares for reported $0.5 million on Nov 06 ’24. In the deal valued at $26.28 per share,19,121 shares were sold. As a result of this transaction, MARTIN THOMAS A now holds 897,652 shares worth roughly $24.4 million.
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Then, Chronis Amy W bought 2,241 shares, generating $55,790 in total proceeds. Upon buying the shares at $24.89, the Director now owns 23,995 shares.
Before that, MARTIN THOMAS A bought 73,121 shares. Kinder Morgan Inc shares valued at $1,911,398 were divested by the Officer at a price of $26.14 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 fall -0.33% to $27.18. Over the last five days, the stock has gained 10.00%. Kinder Morgan Inc shares have risen nearly 54.08% since the year began. Nevertheless, the stocks have risen 65.33% over the past one year. While a 52-week high of $27.33 was reached on 11/12/24, a 52-week low of $16.34 was recorded on 02/13/24. SMA at 50 days reached $23.51, while 200 days put it at $20.23.
Levels Of Support And Resistance For KMI Stock
The 24-hour chart illustrates a support level at 27.01, which if violated will result in even more drops to 26.83. On the upside, there is a resistance level at 27.47. A further resistance level may holdings at 27.76. The Relative Strength Index (RSI) on the 14-day chart is 78.51, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.20%. Stochastics %K at 94.35% indicates the stock is a selling.
How much short interest is there in Kinder Morgan Inc?
A steep rise in short interest was recorded in Kinder Morgan Inc stocks on 2024-10-31, growing by 2.85 million shares to a total of 42.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 39.91 million shares. There was a rise of 6.66%, which implies that there is a positive sentiment for the stock.
