Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kinder Morgan Inc shares valued at $492,079 were sold by MARTIN THOMAS A on Dec 04 ’24. At $27.34 per share, MARTIN THOMAS A sold 18,000 shares. The insider’s holdings dropped to 879,652 shares worth approximately $22.72 million following the completion of this transaction.
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Also, MARTIN THOMAS A sold 19,121 shares, netting a total of over 502,530 in proceeds. Following the sale of shares at $26.28 each, the insider now holds 897,652 shares.
Before that, Chronis Amy W had added 2,241 shares to its account. In a trade valued at $55,790, the Director bought Kinder Morgan Inc shares for $24.89 each. Upon closing the transaction, the insider’s holdings increased to 2,241 shares, worth approximately $0.62 million.
Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid October. As of September 16, 2024, Morgan Stanley has increased its “an Underweight” rating to a “an Equal-weight” for KMI. Earlier on July 19, 2024, Argus upgraded its rating. Their new recommendation was “a Buy” for KMI stock which previously was a “a Hold”.
Analyzing KMI Stock Performance
During the last five days, there has been a drop of approximately -4.16%. Over the course of the year, Kinder Morgan Inc shares have jumped approximately 46.43%. Shares of the company reached a 52-week high of $28.81 on 11/22/24 and a 52-week low of $16.47 on 02/13/24. A 50-day SMA is recorded $26.25, while a 200-day SMA reached $21.53. Nevertheless, trading volume fell to 12.51 million shares from 14.28 million shares the previous day.
Support And Resistance Levels for Kinder Morgan Inc (KMI)
According to the 24-hour chart, there is a support level at 25.50, which, if violated, would cause prices to drop to 25.17. In the upper region, resistance lies at 26.44. The next price resistance is at 27.05. RSI (Relative Strength Index) is 36.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.81, which suggests the price will decrease in the coming days. Percent R is at 98.05%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
