The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Kite Realty Group Trust shares valued at $762,728 were sold by Grimes Steven P on Nov 27 ’24. At $27.99 per share, Grimes Steven P sold 27,250 shares. The insider’s holdings dropped to 705,002 shares worth approximately $17.83 million following the completion of this transaction.
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Also, Grimes Steven P sold 37,295 shares, netting a total of over 999,506 in proceeds. Following the sale of shares at $26.80 each, the insider now holds 732,252 shares.
As published in a research note from Wells Fargo on August 28, 2024, Kite Realty Group Trust [KRG] has been rated up from an Underweight to an Equal weight and the price target has been revised to $26 from $23. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”a Strong buy”‘ outlook in a report released in mid August. As of April 18, 2024, Jefferies has increased its “Hold” rating to a “Buy” for KRG. Earlier on September 05, 2023, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for KRG stock which previously was a “a Strong buy”.
Analyzing KRG Stock Performance
During the last five days, there has been a drop of approximately -2.69%. Over the course of the year, Kite Realty Group Trust shares have jumped approximately 10.63%. Shares of the company reached a 52-week high of $28.24 on 11/27/24 and a 52-week low of $19.64 on 04/16/24. A 50-day SMA is recorded $26.50, while a 200-day SMA reached $23.94. Nevertheless, trading volume fell to 0.73 million shares from 1.42 million shares the previous day.
Support And Resistance Levels for Kite Realty Group Trust (KRG)
According to the 24-hour chart, there is a support level at 25.02, which, if violated, would cause prices to drop to 24.76. In the upper region, resistance lies at 25.43. The next price resistance is at 25.58. RSI (Relative Strength Index) is 36.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.74, which suggests the price will decrease in the coming days. Percent R is at 67.57%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
