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 $191,244,507 were sold by KKR Group Partnership L.P. on Nov 18 ’24. At $29.99 per share, KKR Group Partnership L.P. sold 6,376,411 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, KKR Genetic Disorder L.P. sold 5,800,000 shares, netting a total of over 149,350,000 in proceeds. Following the sale of shares at $25.75 each, the insider now holds 25,260,971 shares.
Before that, KKR Group Partnership L.P. had added 11,619,998 shares to its account. In a trade valued at $129,330,578, the 10% Owner bought KKR & Co. Inc shares for $11.13 each. Upon closing the transaction, the insider’s holdings increased to 11,619,998 shares, worth approximately $14.15 billion.
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 0.03%. Over the course of the year, KKR & Co. Inc shares have jumped approximately 83.68%. Shares of the company reached a 52-week high of $156.54 on 11/11/24 and a 52-week low of $78.95 on 01/03/24. A 50-day SMA is recorded $138.21, while a 200-day SMA reached $113.59. Nevertheless, trading volume fell to 3.71 million shares from 2.46 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 150.37, which, if violated, would cause prices to drop to 148.56. In the upper region, resistance lies at 154.29. The next price resistance is at 156.39. RSI (Relative Strength Index) is 64.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.35, which suggests the price will increase in the coming days. Percent R is at 21.05%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
