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Keycorp (KEY) Becoming More Attractive for Investors

In a filing, Keycorp revealed its Chief Human Resources Officer Mago Angela G unloaded Company’s shares for reported $0.29 million on Nov 06 ’24. In the deal valued at $19.59 per share,15,011 shares were sold. As a result of this transaction, Mago Angela G now holds 234,582 shares worth roughly $4.65 million.

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Then, Paine Andrew J III sold 66,362 shares, generating $1,262,869 in total proceeds. Upon selling the shares at $19.03, the Head of Institutional Bank now owns 214,068 shares.

Before that, Highsmith Carlton L sold 9,000 shares. Keycorp shares valued at $154,260 were divested by the Director at a price of $17.14 per share. As a result of the transaction, Highsmith Carlton L now holds 37,864 shares, worth roughly $0.75 million.

Citigroup downgraded its Keycorp [KEY] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in mid October from “an Outperform” to “a Neutral”. UBS also remained covering KEY and has decreased its forecast on July 08, 2024 with a “Neutral” recommendation from previously “Buy” rating. Jefferies revised its rating on January 09, 2024. It rated KEY as “a Buy” which previously was an “a Hold”.

Price Performance Review of KEY

On Monday, Keycorp [NYSE:KEY] saw its stock jump 1.07% to $19.81. Over the last five days, the stock has gained 3.02%. Keycorp shares have risen nearly 37.57% since the year began. Nevertheless, the stocks have risen 64.53% over the past one year. While a 52-week high of $20.00 was reached on 11/25/24, a 52-week low of $11.64 was recorded on 01/18/24. SMA at 50 days reached $17.62, while 200 days put it at $15.62.

Levels Of Support And Resistance For KEY Stock

The 24-hour chart illustrates a support level at 19.71, which if violated will result in even more drops to 19.60. On the upside, there is a resistance level at 19.98. A further resistance level may holdings at 20.14. The Relative Strength Index (RSI) on the 14-day chart is 69.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.84%. Stochastics %K at 81.76% indicates the stock is a selling.

How much short interest is there in Keycorp?

A steep rise in short interest was recorded in Keycorp stocks on 2024-10-31, growing by 2.74 million shares to a total of 17.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 14.84 million shares. There was a rise of 15.59%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on January 08, 2024 when Raymond James began covering the stock and recommended ‘”a Mkt perform”‘ rating .

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