Kinder Morgan Inc’s recently made public that its President MARTIN THOMAS A unloaded Company’s shares for reported $0.5 million on Jan 02 ’25. In the deal valued at $27.91 per share,18,000 shares were sold. As a result of this transaction, MARTIN THOMAS A now holds 861,652 shares worth roughly $23.96 million.
Then, MARTIN THOMAS A sold 18,000 shares, generating $492,079 in total proceeds. Upon selling the shares at $27.34, the President now owns 879,652 shares.
Before that, MARTIN THOMAS A sold 19,121 shares. Kinder Morgan Inc shares valued at $502,530 were divested by the President at a price of $26.28 per share. As a result of the transaction, MARTIN THOMAS A now holds 897,652 shares, worth roughly $24.96 million.
A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “a Buy”. Morgan Stanley also remained covering KMI and has increased its forecast on September 16, 2024 with a “an Equal-weight” recommendation from previously “an Underweight” rating. Argus revised its rating on July 19, 2024. It rated KMI as “a Buy” which previously was an “a Hold”.
Price Performance Review of KMI
On Tuesday, Kinder Morgan Inc [NYSE:KMI] saw its stock fall -0.07% to $27.81. Over the last five days, the stock has gained 1.64%. Kinder Morgan Inc shares have risen nearly 1.50% since the year began. Nevertheless, the stocks have risen 54.33% over the past one year. While a 52-week high of $28.81 was reached on 01/03/25, a 52-week low of $16.47 was recorded on 01/02/25. SMA at 50 days reached $26.91, while 200 days put it at $22.10.
Levels Of Support And Resistance For KMI Stock
The 24-hour chart illustrates a support level at 27.64, which if violated will result in even more drops to 27.46. On the upside, there is a resistance level at 28.04. A further resistance level may holdings at 28.26. The Relative Strength Index (RSI) on the 14-day chart is 58.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.18%. Stochastics %K at 79.64% indicates the stock is a holding.
How much short interest is there in Kinder Morgan Inc?
A steep rise in short interest was recorded in Kinder Morgan Inc stocks on 2024-12-13, growing by 4.61 million shares to a total of 44.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 40.29 million shares. There was a rise of 10.26%, which implies that there is a positive sentiment for the stock.
