Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Kaiser Aluminum Corp shares valued at $199,871 were purchased by Harvey Keith on Jul 29 ’24. At $77.23 per share, Harvey Keith acquired 2,588 shares. The insider’s holdings grew to 103,550 shares worth approximately $8.46 million following the completion of this transaction.
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Also, Parkinson Ray sold 3,254 shares, netting a total of over 327,125 in proceeds. Following the sale of shares at $100.53 each, the insider now holds 3,178 shares.
As published in their initiating research note from UBS on January 16, 2024, Kaiser Aluminum Corp [KALU] has been a Neutral and the price target has been revised to $67. Analysts at JP Morgan started covering the stock with ‘”a Neutral”‘ outlook in a report released in early May. As of April 12, 2023, Wolfe Research has decreased its “Peer perform” rating to a “an Underperform” for KALU. Earlier on December 15, 2022, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for KALU stock.
Analyzing KALU Stock Performance
During the last five days, there has been a surge of approximately 1.77%. Over the course of the year, Kaiser Aluminum Corp shares have jumped approximately 14.71%. Shares of the company reached a 52-week high of $102.42 on 05/20/24 and a 52-week low of $59.52 on 01/18/24. A 50-day SMA is recorded $75.57, while a 200-day SMA reached $81.60. Nevertheless, trading volume fell to 60113.0 shares from 0.15 million shares the previous day.
Support And Resistance Levels for Kaiser Aluminum Corp (KALU)
According to the 24-hour chart, there is a support level at 81.19, which, if violated, would cause prices to drop to 80.71. In the upper region, resistance lies at 82.35. The next price resistance is at 83.03. RSI (Relative Strength Index) is 57.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.48, which suggests the price will decrease in the coming days. Percent R is at 59.38%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
