In a filing, Kodiak Gas Services Inc revealed its 10% Owner Frontier TopCo Partnership, L. unloaded Company’s shares for reported $231.47 million on Dec 12 ’24. In the deal valued at $42.09 per share,5,500,000 shares were sold. As a result of this transaction, Frontier TopCo Partnership, L. now holds 38,500,000 shares worth roughly $1.6 billion.
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Then, Hamilton Ewan William sold 3,000 shares, generating $121,340 in total proceeds. Upon selling the shares at $40.45, the insider now owns 31,745 shares.
Before that, Ewan Hamiliton bought 3,000 shares. Kodiak Gas Services Inc shares valued at $118,200 were divested by the Officer at a price of $39.40 per share.
Mizuho initiated its Kodiak Gas Services Inc [KGS] rating to an Outperform in a research note published on October 02, 2024; the price target was $36. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. Redburn Atlantic began covering KGS with “Buy” recommendation on September 19, 2024.
Price Performance Review of KGS
On Monday, Kodiak Gas Services Inc [NYSE:KGS] saw its stock jump 1.24% to $41.49. Over the last five days, the stock has lost -0.07%. Kodiak Gas Services Inc shares have risen nearly 106.62% since the year began. Nevertheless, the stocks have risen 123.18% over the past one year. While a 52-week high of $44.20 was reached on 12/11/24, a 52-week low of $18.30 was recorded on 01/02/24. SMA at 50 days reached $35.79, while 200 days put it at $29.41.
Levels Of Support And Resistance For KGS Stock
The 24-hour chart illustrates a support level at 40.54, which if violated will result in even more drops to 39.59. On the upside, there is a resistance level at 42.17. A further resistance level may holdings at 42.85. The Relative Strength Index (RSI) on the 14-day chart is 62.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.81%. Stochastics %K at 42.16% indicates the stock is a holding.
How much short interest is there in Kodiak Gas Services Inc?
A steep rise in short interest was recorded in Kodiak Gas Services Inc stocks on 2024-11-29, dropping by -1.02 million shares to a total of 2.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.17 million shares. There was a decline of -47.56%, which implies that there is a negative sentiment for the stock.
