Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kadant, Inc shares valued at $60,529 were sold by LEONARD THOMAS C on Nov 19 ’24. At $398.21 per share, LEONARD THOMAS C sold 152 shares. The insider’s holdings dropped to 4,250 shares worth approximately $1.47 million following the completion of this transaction.
Also, Mitchell Dara F sold 1,001 shares, netting a total of over 398,041 in proceeds. Following the sale of shares at $397.64 each, the insider now holds 248 shares.
Before that, Westerhout Fredrik H had sold 600 shares from its account. In a trade valued at $238,352, the Vice President traded Kadant, Inc shares for $397.25 each. Upon closing the transaction, the insider’s holdings decreased to 600 shares, worth approximately $0.5 million.
Analysts at Barrington Research upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid February. As of May 28, 2020, Sidoti has decreased its “Buy” rating to a “Neutral” for KAI. Earlier on May 28, 2020, Barrington Research downgraded its rating. Their new recommendation was “a Mkt perform” for KAI stock which previously was a “an Outperform”.
Analyzing KAI Stock Performance
During the last five days, there has been a surge of approximately 0.04%. Over the course of the year, Kadant, Inc shares have jumped approximately 0.04%. Shares of the company reached a 52-week high of $362.70 on 01/06/25 and a 52-week low of $341.40 on 01/08/25. A 50-day SMA is recorded $375.73, while a 200-day SMA reached $323.27. Nevertheless, trading volume fell to 74734.0 shares from 58500.0 shares the previous day.
Support And Resistance Levels for Kadant, Inc (KAI)
According to the 24-hour chart, there is a support level at 341.81, which, if violated, would cause prices to drop to 338.50. In the upper region, resistance lies at 348.03. The next price resistance is at 350.94. RSI (Relative Strength Index) is 35.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.16, which suggests the price will decrease in the coming days. Percent R is at 83.70%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
