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Kaiser Aluminum Corp (KALU) rating initates by UBS

In a filing, Kaiser Aluminum Corp revealed its President & CEO Harvey Keith acquired Company’s shares for reported $0.2 million on Jul 29 ’24. In the deal valued at $77.23 per share,2,588 shares were bought. As a result of this transaction, Harvey Keith now holds 103,550 shares worth roughly $7.29 million.

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Then, Parkinson Ray sold 3,254 shares, generating $327,125 in total proceeds. Upon selling the shares at $100.53, the SVP – AE & Innovation now owns 3,178 shares.

UBS initiated its Kaiser Aluminum Corp [KALU] rating to a Neutral in a research note published on January 16, 2024; the price target was $67. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in early May with a ‘”a Neutral”‘ rating. Wolfe Research also remained covering KALU and has decreased its forecast on April 12, 2023 with a “an Underperform” recommendation from previously “Peer perform” rating. Wolfe Research started covering the stock on December 15, 2022. It rated KALU as “a Peer perform”.

Price Performance Review of KALU

On Tuesday, Kaiser Aluminum Corp [NASDAQ:KALU] saw its stock jump 0.43% to $70.39. Over the last five days, the stock has lost -4.20%. Kaiser Aluminum Corp shares have risen nearly 1.17% since the year began. Nevertheless, the stocks have risen 1.42% over the past one year. While a 52-week high of $102.42 was reached on 05/20/24, a 52-week low of $59.52 was recorded on 01/18/24. SMA at 50 days reached $77.51, while 200 days put it at $82.19.

Levels Of Support And Resistance For KALU Stock

The 24-hour chart illustrates a support level at 69.54, which if violated will result in even more drops to 68.70. On the upside, there is a resistance level at 71.34. A further resistance level may holdings at 72.30. The Relative Strength Index (RSI) on the 14-day chart is 35.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.22%. Stochastics %K at 10.91% indicates the stock is a buying.

How much short interest is there in Kaiser Aluminum Corp?

A steep rise in short interest was recorded in Kaiser Aluminum Corp stocks on 2024-11-29, dropping by 18169.0 shares to a total of 0.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.47 million shares. There was a decline of -3.98%, which implies that there is a negative sentiment for the stock.

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