Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kingstone Cos. Inc shares valued at $80,395 were sold by BRODSKY VICTOR J on Nov 26 ’24. At $16.08 per share, BRODSKY VICTOR J sold 5,000 shares. The insider’s holdings dropped to 44,556 shares worth approximately $0.71 million following the completion of this transaction.
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Also, Newgarden Thomas purchased 5,000 shares, netting a total of over 67,250 in proceeds. Following the buying of shares at $13.45 each, the insider now holds 24,726 shares.
Before that, Newgarden Thomas had added 5,000 shares to its account. In a trade valued at $66,250, the Director bought Kingstone Cos. Inc shares for $13.25 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $0.31 million.
As published in their initiating research note from Janney on July 16, 2024, Kingstone Cos. Inc [KINS] has been a Buy and the price target has been revised to $6.50. Analysts at Boenning & Scattergood started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid April. As of November 14, 2014, Compass Point has reiterated its “Buy” rating for KINS.
Analyzing KINS Stock Performance
During the last five days, there has been a surge of approximately 14.75%. Over the course of the year, Kingstone Cos. Inc shares have jumped approximately 648.83%. Shares of the company reached a 52-week high of $16.50 on 11/27/24 and a 52-week low of $1.97 on 01/02/24. A 50-day SMA is recorded $10.68, while a 200-day SMA reached $6.78. Nevertheless, trading volume fell to 0.5 million shares from 0.4 million shares the previous day.
Support And Resistance Levels for Kingstone Cos. Inc (KINS)
According to the 24-hour chart, there is a support level at 15.06, which, if violated, would cause prices to drop to 14.17. In the upper region, resistance lies at 16.67. The next price resistance is at 17.39. RSI (Relative Strength Index) is 79.26 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.40, which suggests the price will increase in the coming days. Percent R is at 9.20%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
