In a filing, KKR & Co. Inc revealed its 10% Owner KKR Group Partnership L.P. unloaded Company’s shares for reported $191.24 million on Nov 18 ’24. In the deal valued at $29.99 per share,6,376,411 shares were sold. As a result of this transaction, KKR Group Partnership L.P. now holds 0 shares worth roughly $0.0.
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Then, KKR Genetic Disorder L.P. sold 5,800,000 shares, generating $149,350,000 in total proceeds. Upon selling the shares at $25.75, the 10% Owner now owns 25,260,971 shares.
Before that, KKR Group Partnership L.P. bought 11,619,998 shares. KKR & Co. Inc shares valued at $129,330,578 were divested by the 10% Owner at a price of $11.13 per share. As a result of the transaction, KKR Group Partnership L.P. now holds 92,959,984 shares, worth roughly $14.75 billion.
HSBC Securities initiated its KKR & Co. Inc [KKR] rating to a Buy in a research note published on September 18, 2024; the price target was $148. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid September with a ‘”an Equal weight”‘ rating. Redburn Atlantic began covering KKR with “Buy” recommendation on August 27, 2024. TD Cowen started covering the stock on January 04, 2024. It rated KKR as “an Outperform”.
Price Performance Review of KKR
On Friday, KKR & Co. Inc [NYSE:KKR] saw its stock jump 0.61% to $158.63. Over the last five days, the stock has gained 5.74%. KKR & Co. Inc shares have risen nearly 91.47% since the year began. Nevertheless, the stocks have risen 131.75% over the past one year. While a 52-week high of $158.46 was reached on 11/22/24, a 52-week low of $67.99 was recorded on 01/03/24. SMA at 50 days reached $139.68, while 200 days put it at $114.21.
Levels Of Support And Resistance For KKR Stock
The 24-hour chart illustrates a support level at 157.23, which if violated will result in even more drops to 155.82. On the upside, there is a resistance level at 159.81. A further resistance level may holdings at 160.98. The Relative Strength Index (RSI) on the 14-day chart is 71.62, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.22%. Stochastics %K at 90.41% indicates the stock is a selling.
How much short interest is there in KKR & Co. Inc?
A steep rise in short interest was recorded in KKR & Co. Inc stocks on 2024-10-31, dropping by -1.98 million shares to a total of 11.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 13.4 million shares. There was a decline of -17.31%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 30, 2023 when Oppenheimer resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $94.
