Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kimberly-Clark Corp shares valued at $417,036 were sold by Drexler Andrew on Nov 22 ’24. At $139.01 per share, Drexler Andrew sold 3,000 shares. The insider’s holdings dropped to 5,053 shares worth approximately $0.67 million following the completion of this transaction.
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Also, Drexler Andrew purchased 5,000 shares, netting a total of over 416,900 in proceeds.
Before that, Uribe Gonzalo had sold 1,780 shares from its account. In a trade valued at $250,695, the President, Latin America traded Kimberly-Clark Corp shares for $140.84 each. Upon closing the transaction, the insider’s holdings decreased to 1,780 shares, worth approximately $0.98 million.
As published in their initiating research note from TD Cowen on July 23, 2024, Kimberly-Clark Corp [KMB] has been a Buy and the price target has been revised to $161. Analysts at Exane BNP Paribas started covering the stock with ‘”a Neutral”‘ outlook in a report released in late June. As of June 13, 2024, BofA Securities has increased its “an Underperform” rating to a “Buy” for KMB. Earlier on June 03, 2024, RBC Capital Mkts upgraded its rating. Their new recommendation was “an Outperform” for KMB stock which previously was a “a Sector perform”.
Analyzing KMB Stock Performance
During the last five days, there has been a surge of approximately 0.66%. Over the course of the year, Kimberly-Clark Corp shares have jumped approximately 8.64%. Shares of the company reached a 52-week high of $149.30 on 09/05/24 and a 52-week low of $117.67 on 02/14/24. A 50-day SMA is recorded $135.64, while a 200-day SMA reached $136.61. Nevertheless, trading volume fell to 0.62 million shares from 1.66 million shares the previous day.
Support And Resistance Levels for Kimberly-Clark Corp (KMB)
According to the 24-hour chart, there is a support level at 131.21, which, if violated, would cause prices to drop to 130.23. In the upper region, resistance lies at 132.90. The next price resistance is at 133.61. RSI (Relative Strength Index) is 41.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.57, which suggests the price will decrease in the coming days. Percent R is at 73.80%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
