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. Kimco Realty Corporation shares valued at $1,096,040 were sold by Jamieson David on Aug 02 ’24. At $21.92 per share, Jamieson David sold 50,000 shares. The insider’s holdings dropped to 337,111 shares worth approximately $7.96 million following the completion of this transaction.
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Also, David R. Jamieson purchased 50,000 shares, netting a total of over 1,104,000 in proceeds.
Before that, LOURENSO FRANK had sold 8,890 shares from its account. In a trade valued at $172,653, the Director traded Kimco Realty Corporation shares for $19.42 each. Upon closing the transaction, the insider’s holdings decreased to 8,890 shares, worth approximately $4.81 million.
As published in a research note from JP Morgan on December 20, 2024, Kimco Realty Corporation [KIM] has been rated down from an Overweight to a Neutral and the price target has been revised to $26. Analysts at Mizuho downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid August. As of August 16, 2024, Raymond James has increased its “Mkt perform” rating to a “Strong buy” for KIM. Earlier on April 05, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for KIM stock which previously was a “a Buy”.
Analyzing KIM Stock Performance
During the last five days, there has been a surge of approximately 1.42%. Over the course of the year, Kimco Realty Corporation shares have jumped approximately 10.79%. Shares of the company reached a 52-week high of $25.83 on 11/29/24 and a 52-week low of $17.57 on 04/16/24. A 50-day SMA is recorded $24.52, while a 200-day SMA reached $21.52. Nevertheless, trading volume fell to 1.58 million shares from 1.55 million shares the previous day.
Support And Resistance Levels for Kimco Realty Corporation (KIM)
According to the 24-hour chart, there is a support level at 23.48, which, if violated, would cause prices to drop to 23.34. In the upper region, resistance lies at 23.74. The next price resistance is at 23.86. RSI (Relative Strength Index) is 37.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.56, which suggests the price will decrease in the coming days. Percent R is at 72.37%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
