Kennametal Inc’s filing revealed that its Officer Witt John Wayne acquired Company’s shares for reported $51803.0 on Nov 22 ’24. In the deal valued at $29.35 per share,1,765 shares were bought.
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Then, Bacchus Judith L sold 32,000 shares, generating $939,904 in total proceeds. Upon selling the shares at $29.37, the Vice President now owns 34,500 shares.
Before that, Davis Cindy L sold 13,053 shares. Kennametal Inc shares valued at $402,463 were divested by the Director at a price of $30.83 per share. As a result of the transaction, Davis Cindy L now holds 6,534 shares, worth roughly $0.19 million.
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 Friday, Kennametal Inc [NYSE:KMT] saw its stock jump 1.01% to $29.12. Over the last five days, the stock has gained 2.32%. Kennametal Inc shares have risen nearly 12.91% since the year began. Nevertheless, the stocks have risen 26.33% over the past one year. While a 52-week high of $32.18 was reached on 11/06/24, a 52-week low of $22.50 was recorded on 07/09/24. SMA at 50 days reached $26.49, while 200 days put it at $25.07.
Levels Of Support And Resistance For KMT Stock
The 24-hour chart illustrates a support level at 28.82, which if violated will result in even more drops to 28.52. On the upside, there is a resistance level at 29.43. A further resistance level may holdings at 29.74. The Relative Strength Index (RSI) on the 14-day chart is 61.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.47%. Stochastics %K at 50.18% 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 2024-10-31, growing by 0.22 million shares to a total of 6.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.29 million shares. There was a rise of 3.38%, which implies that there is a positive sentiment for the stock.
