In a filing, Kite Realty Group Trust revealed its Director Grimes Steven P unloaded Company’s shares for reported $0.76 million on Nov 27 ’24. In the deal valued at $27.99 per share,27,250 shares were sold. As a result of this transaction, Grimes Steven P now holds 705,002 shares worth roughly $17.66 million.
Then, Grimes Steven P sold 37,295 shares, generating $999,506 in total proceeds. Upon selling the shares at $26.80, the Director now owns 732,252 shares.
Jefferies downgraded its Kite Realty Group Trust [KRG] rating to a Hold from a a Buy in a research note published on January 02, 2025; the price target was decreased to $27 from $31. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in late August from “an Underweight” to “an Equal weight”. Raymond James also remained covering KRG and has increased its forecast on August 16, 2024 with a “Strong buy” recommendation from previously “Mkt perform” rating. Jefferies revised its rating on April 18, 2024. It rated KRG as “a Buy” which previously was an “a Hold”.
Price Performance Review of KRG
On Friday, Kite Realty Group Trust [NYSE:KRG] saw its stock jump 1.29% to $25.05. Over the last five days, the stock has lost -0.99%. Kite Realty Group Trust shares have fallen nearly -0.75% since the year began. Nevertheless, the stocks have risen 11.58% over the past one year. While a 52-week high of $28.24 was reached on 01/02/25, a 52-week low of $19.64 was recorded on 01/02/25. SMA at 50 days reached $26.37, while 200 days put it at $24.06.
Levels Of Support And Resistance For KRG Stock
The 24-hour chart illustrates a support level at 24.82, which if violated will result in even more drops to 24.60. On the upside, there is a resistance level at 25.16. A further resistance level may holdings at 25.28. The Relative Strength Index (RSI) on the 14-day chart is 39.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.80%. Stochastics %K at 24.31% indicates the stock is a holding.
How much short interest is there in Kite Realty Group Trust?
A steep rise in short interest was recorded in Kite Realty Group Trust stocks on 2024-12-13, growing by 0.84 million shares to a total of 7.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 6.17 million shares. There was a rise of 11.94%, which implies that there is a positive sentiment for the stock.
