Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Nextdoor Holdings Inc shares valued at $3,105 were sold by Schwartz Sophia on Dec 09 ’24. At $2.75 per share, Schwartz Sophia sold 1,129 shares. The insider’s holdings dropped to 214,407 shares worth approximately $0.52 million following the completion of this transaction.
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Also, SOPHIA SCHWARTZ purchased 1,129 shares, netting a total of over 3,026 in proceeds.
Before that, Schwartz Sophia had sold 16,834 shares from its account. In a trade valued at $41,221, the General Counsel and Secretary traded Nextdoor Holdings Inc shares for $2.45 each. Upon closing the transaction, the insider’s holdings decreased to 16,834 shares, worth approximately $0.52 million.
As published in a research note from Evercore ISI on November 08, 2023, Nextdoor Holdings Inc [KIND] has been rated down from an Outperform to an In-line and the price target has been revised to $3 from $5. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in late June. As of April 20, 2022, Citigroup has initiated its “Neutral” rating for KIND. Earlier on March 29, 2022, Truist initiated its rating. Their recommendation was “a Hold” for KIND stock.
Analyzing KIND Stock Performance
During the last five days, there has been a surge of approximately 6.14%. Over the course of the year, Nextdoor Holdings Inc shares have jumped approximately 28.04%. Shares of the company reached a 52-week high of $2.99 on 11/07/24 and a 52-week low of $1.32 on 01/17/24. A 50-day SMA is recorded $2.49, while a 200-day SMA reached $2.44. Nevertheless, trading volume fell to 0.91 million shares from 1.56 million shares the previous day.
Support And Resistance Levels for Nextdoor Holdings Inc (KIND)
According to the 24-hour chart, there is a support level at 2.39, which, if violated, would cause prices to drop to 2.37. In the upper region, resistance lies at 2.44. The next price resistance is at 2.46. RSI (Relative Strength Index) is 46.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.09, which suggests the price will decrease in the coming days. Percent R is at 69.81%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
