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. Kodiak Gas Services Inc shares valued at $118,200 were purchased by Ewan Hamiliton on Nov 21 ’24. At $39.40 per share, Ewan Hamiliton acquired 3,000 shares.
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Also, Frontier TopCo Partnership, L. sold 6,565,217 shares, netting a total of over 218,006,565 in proceeds. Following the sale of shares at $33.21 each, the insider now holds 44,434,783 shares.
Before that, Frontier TopCo Partnership, L. had sold 7,000,000 shares from its account. In a trade valued at $167,387,500, the 10% Owner traded Kodiak Gas Services Inc shares for $23.91 each. Upon closing the transaction, the insider’s holdings decreased to 7,000,000 shares, worth approximately $2.13 billion.
As published in their initiating research note from Mizuho on October 02, 2024, Kodiak Gas Services Inc [KGS] has been an Outperform and the price target has been revised to $36. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in late September. As of September 19, 2024, Redburn Atlantic has initiated its “Buy” rating for KGS.
Analyzing KGS Stock Performance
During the last five days, there has been a surge of approximately 14.66%. Over the course of the year, Kodiak Gas Services Inc shares have jumped approximately 104.43%. Shares of the company reached a 52-week high of $41.17 on 11/21/24 and a 52-week low of $20.01 on 01/02/24. A 50-day SMA is recorded $32.02, while a 200-day SMA reached $28.12. Nevertheless, trading volume fell to 0.55 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Kodiak Gas Services Inc (KGS)
According to the 24-hour chart, there is a support level at 39.80, which, if violated, would cause prices to drop to 38.55. In the upper region, resistance lies at 41.74. The next price resistance is at 42.42. RSI (Relative Strength Index) is 86.04 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.49, which suggests the price will increase in the coming days. Percent R is at 1.23%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
