World Kinect Corp’s filing revealed that its SVP, Chief Accounting Officer Tejada Jose-Miguel unloaded Company’s shares for reported $70188.0 on Nov 18 ’24. In the deal valued at $28.08 per share,2,500 shares were sold. As a result of this transaction, Tejada Jose-Miguel now holds 30,858 shares worth roughly $0.89 million.
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Then, Tejada Jose-Miguel bought 2,500 shares, generating $70,189 in total proceeds.
Before that, KASSAR RICHARD A sold 20,000 shares. World Kinect Corp shares valued at $522,000 were divested by the Director at a price of $26.10 per share. As a result of the transaction, KASSAR RICHARD A now holds 57,087 shares, worth roughly $1.65 million.
Stifel downgraded its World Kinect Corp [WKC] rating to a Hold from a a Buy in a research note published on October 25, 2024; the price target was decreased to $32 from $33. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid September from “an Equal-weight” to “an Underweight”. JP Morgan began covering WKC with “Neutral” recommendation on February 21, 2024. Morgan Stanley started covering the stock on November 06, 2023. It rated WKC as “an Equal-weight”.
Price Performance Review of WKC
On Monday, World Kinect Corp [NYSE:WKC] saw its stock jump 0.91% to $28.98. Over the last five days, the stock has gained 4.36%. World Kinect Corp shares have risen nearly 27.22% since the year began. Nevertheless, the stocks have risen 37.28% over the past one year. While a 52-week high of $31.70 was reached on 09/20/24, a 52-week low of $20.00 was recorded on 01/18/24. SMA at 50 days reached $29.35, while 200 days put it at $26.72.
Levels Of Support And Resistance For WKC Stock
The 24-hour chart illustrates a support level at 28.78, which if violated will result in even more drops to 28.58. On the upside, there is a resistance level at 29.33. A further resistance level may holdings at 29.68. The Relative Strength Index (RSI) on the 14-day chart is 56.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.04%. Stochastics %K at 75.20% indicates the stock is a holding.
How much short interest is there in World Kinect Corp?
A steep rise in short interest was recorded in World Kinect Corp stocks on 2024-10-31, dropping by -0.23 million shares to a total of 6.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.31 million shares. There was a decline of -3.75%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 06, 2023 when Raymond James began covering the stock and recommended ‘”an Outperform”‘ rating along with a $30 price target.
