Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kearny Financial Corp shares valued at $9,936 were purchased by Wong-Zaza Melvina on Aug 15 ’24. At $6.21 per share, Wong-Zaza Melvina acquired 1,600 shares. The insider’s holdings grew to 22,535 shares worth approximately $0.18 million following the completion of this transaction.
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Also, DeMedici Thomas sold 6,304 shares, netting a total of over 37,842 in proceeds. Following the sale of shares at $6.00 each, the insider now holds 70,614 shares.
Before that, DeMedici Thomas had added 6,304 shares to its account. In a trade valued at $38,600, the Officer bought Kearny Financial Corp shares for $6.12 each.
As published in a research note from Compass Point on December 08, 2022, Kearny Financial Corp [KRNY] has been rated up from a Neutral to a Buy and the price target has been revised to $11. Analysts at Compass Point downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of January 06, 2022, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for KRNY. Earlier on April 06, 2020, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for KRNY stock which previously was a “a Neutral”.
Analyzing KRNY Stock Performance
During the last five days, there has been a drop of approximately -1.73%. Over the course of the year, Kearny Financial Corp shares have dropped approximately -11.59%. Shares of the company reached a 52-week high of $9.04 on 01/02/24 and a 52-week low of $5.28 on 04/30/24. A 50-day SMA is recorded $7.33, while a 200-day SMA reached $6.44. Nevertheless, trading volume fell to 0.28 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for Kearny Financial Corp (KRNY)
According to the 24-hour chart, there is a support level at 7.82, which, if violated, would cause prices to drop to 7.72. In the upper region, resistance lies at 8.13. The next price resistance is at 8.34. RSI (Relative Strength Index) is 53.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.13, which suggests the price will decrease in the coming days. Percent R is at 83.54%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
