Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kyndryl Holdings Inc shares valued at $802,244 were sold by Khurana Vineet on Jun 03 ’24. At $26.36 per share, Khurana Vineet sold 30,430 shares. The insider’s holdings dropped to 78,722 shares worth approximately $2.82 million following the completion of this transaction.
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As published in a research note from Oppenheimer on November 22, 2024, Kyndryl Holdings Inc [KD] has been retained to an Outperform and the price target has been revised to $37. Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in late November. As of June 27, 2024, Oppenheimer has initiated its “an Outperform” rating for KD. Earlier on February 12, 2024, Susquehanna upgraded its rating. Their new recommendation was “a Positive” for KD stock which previously was a “a Neutral”.
Analyzing KD Stock Performance
During the last five days, there has been a surge of approximately 3.17%. Over the course of the year, Kyndryl Holdings Inc shares have jumped approximately 72.14%. Shares of the company reached a 52-week high of $36.43 on 12/12/24 and a 52-week low of $19.19 on 01/04/24. A 50-day SMA is recorded $28.00, while a 200-day SMA reached $24.88. Nevertheless, trading volume fell to 1.8 million shares from 2.48 million shares the previous day.
Support And Resistance Levels for Kyndryl Holdings Inc (KD)
According to the 24-hour chart, there is a support level at 35.37, which, if violated, would cause prices to drop to 34.97. In the upper region, resistance lies at 36.30. The next price resistance is at 36.83. RSI (Relative Strength Index) is 81.13 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.94, which suggests the price will decrease in the coming days. Percent R is at 16.75%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
