Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kodiak Gas Services Inc shares valued at $231,473,000 were sold by Frontier TopCo Partnership, L. on Dec 12 ’24. At $42.09 per share, Frontier TopCo Partnership, L. sold 5,500,000 shares. The insider’s holdings dropped to 38,500,000 shares worth approximately $1.5 billion following the completion of this transaction.
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Also, Hamilton Ewan William sold 3,000 shares, netting a total of over 121,340 in proceeds. Following the sale of shares at $40.45 each, the insider now holds 31,745 shares.
Before that, Ewan Hamiliton had added 3,000 shares to its account. In a trade valued at $118,200, the Officer bought Kodiak Gas Services Inc shares for $39.40 each.
As published in their initiating research note from Mizuho on October 02, 2024, Kodiak Gas Services Inc [KGS] has been an Outperform and the price target has been revised to $36. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in late September. As of September 19, 2024, Redburn Atlantic has initiated its “Buy” rating for KGS.
Analyzing KGS Stock Performance
During the last five days, there has been a drop of approximately -6.28%. Over the course of the year, Kodiak Gas Services Inc shares have jumped approximately 93.92%. Shares of the company reached a 52-week high of $44.20 on 12/11/24 and a 52-week low of $20.01 on 01/02/24. A 50-day SMA is recorded $36.26, while a 200-day SMA reached $29.61. Nevertheless, trading volume fell to 1.42 million shares from 1.08 million shares the previous day.
Support And Resistance Levels for Kodiak Gas Services Inc (KGS)
According to the 24-hour chart, there is a support level at 38.17, which, if violated, would cause prices to drop to 37.39. In the upper region, resistance lies at 40.06. The next price resistance is at 41.17. RSI (Relative Strength Index) is 48.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.43, which suggests the price will decrease in the coming days. Percent R is at 89.76%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
