Kyndryl Holdings Inc’s recent filing unveils that its SVP & Global Controller Khurana Vineet unloaded Company’s shares for reported $0.8 million on Jun 03 ’24. In the deal valued at $26.36 per share,30,430 shares were sold. As a result of this transaction, Khurana Vineet now holds 78,722 shares worth roughly $2.21 million.
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Oppenheimer initiated its Kyndryl Holdings Inc [KD] rating to an Outperform in a research note published on June 27, 2024; the price target was $33. A number of analysts have revised their coverage, including Susquehanna’s analysts, who increased its forecast for the stock in mid February from “a Neutral” to “a Positive”. Evercore ISI also remained covering KD and has increased its forecast on January 08, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. JP Morgan revised its rating on December 18, 2023. It rated KD as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of KD
On Monday, Kyndryl Holdings Inc [NYSE:KD] saw its stock jump 0.50% to $28.06. Over the last five days, the stock has lost -0.07%. Kyndryl Holdings Inc shares have risen nearly 35.03% since the year began. Nevertheless, the stocks have risen 54.77% over the past one year. While a 52-week high of $28.93 was reached on 11/14/24, a 52-week low of $17.62 was recorded on 01/04/24. SMA at 50 days reached $24.37, while 200 days put it at $23.82.
Levels Of Support And Resistance For KD Stock
The 24-hour chart illustrates a support level at 27.81, which if violated will result in even more drops to 27.56. On the upside, there is a resistance level at 28.46. A further resistance level may holdings at 28.86. The Relative Strength Index (RSI) on the 14-day chart is 70.15, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.92%. Stochastics %K at 86.40% indicates the stock is a selling.
How much short interest is there in Kyndryl Holdings Inc?
A steep rise in short interest was recorded in Kyndryl Holdings Inc stocks on 2024-10-31, dropping by -0.57 million shares to a total of 9.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 9.78 million shares. There was a decline of -6.23%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 21, 2023 when Scotiabank began covering the stock and recommended ‘”a Sector outperform”‘ rating along with a $22 price target.
