Kennametal Inc’s recently made public that its Vice President Cardenas Franklin unloaded Company’s shares for reported $0.58 million on Dec 04 ’24. In the deal valued at $28.24 per share,20,470 shares were sold. As a result of this transaction, Cardenas Franklin now holds 39,581 shares worth roughly $1.05 million.
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Then, Cardenas Franklin bought 20,470 shares, generating $578,056 in total proceeds.
Before that, Witt John Wayne sold 1,765 shares. Kennametal Inc shares valued at $51,803 were divested by the Vice President at a price of $29.35 per share. As a result of the transaction, Witt John Wayne now holds 1,642 shares, worth roughly $43562.26.
Jefferies downgraded its Kennametal Inc [KMT] rating to a Hold from a a Buy in a research note published on December 06, 2024; the price target was decreased to $32 from $40. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid October from “a Neutral” to “an Underperform”. Morgan Stanley began covering KMT with “an Equal-weight” recommendation on January 08, 2024. UBS revised its rating on July 08, 2022. It rated KMT as “a Sell” which previously was an “a Neutral”.
Price Performance Review of KMT
On Monday, Kennametal Inc [NYSE:KMT] saw its stock fall -0.56% to $26.53. Over the last five days, the stock has lost -2.86%. Kennametal Inc shares have risen nearly 2.87% since the year began. Nevertheless, the stocks have fallen -1.27% over the past one year. While a 52-week high of $32.18 was reached on 11/06/24, a 52-week low of $22.50 was recorded on 07/09/24. SMA at 50 days reached $27.12, while 200 days put it at $25.32.
Levels Of Support And Resistance For KMT Stock
The 24-hour chart illustrates a support level at 26.35, which if violated will result in even more drops to 26.17. On the upside, there is a resistance level at 26.84. A further resistance level may holdings at 27.15. The Relative Strength Index (RSI) on the 14-day chart is 38.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.96%. Stochastics %K at 5.43% indicates the stock is a buying.
How much short interest is there in Kennametal Inc?
A steep rise in short interest was recorded in Kennametal Inc stocks on 2024-11-29, dropping by -0.26 million shares to a total of 6.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.51 million shares. There was a decline of -4.19%, which implies that there is a negative sentiment for the stock.
