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. Kinsale Capital Group Inc shares valued at $255,000 were sold by Schnupp Diane D. on Dec 11 ’24. At $510.00 per share, Schnupp Diane D. sold 500 shares. The insider’s holdings dropped to 6,994 shares worth approximately $2.95 million following the completion of this transaction.
Also, Schnupp Diane D. purchased 500 shares, netting a total of over 255,000 in proceeds.
Before that, SHARE GREGORY M had sold 441 shares from its account. In a trade valued at $220,932, the Director traded Kinsale Capital Group Inc shares for $500.98 each. Upon closing the transaction, the insider’s holdings decreased to 441 shares, worth approximately $0.85 million.
As published in their initiating research note from Morgan Stanley on December 05, 2024, Kinsale Capital Group Inc [KNSL] has been an Overweight and the price target has been revised to $593. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in late October. As of September 16, 2024, Wolfe Research has decreased its “an Outperform” rating to a “Peer perform” for KNSL. Earlier on July 12, 2024, Oppenheimer initiated its rating. Their recommendation was “a Perform” for KNSL stock.
Analyzing KNSL Stock Performance
During the last five days, there has been a drop of approximately -9.27%. Over the course of the year, Kinsale Capital Group Inc shares have dropped approximately -9.27%. Shares of the company reached a 52-week high of $468.00 on 01/02/25 and a 52-week low of $414.58 on 01/08/25. A 50-day SMA is recorded $471.80, while a 200-day SMA reached $442.25. Nevertheless, trading volume fell to 0.21 million shares from 0.29 million shares the previous day.
Support And Resistance Levels for Kinsale Capital Group Inc (KNSL)
According to the 24-hour chart, there is a support level at 416.08, which, if violated, would cause prices to drop to 410.12. In the upper region, resistance lies at 426.49. The next price resistance is at 430.94. RSI (Relative Strength Index) is 24.88 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -32.72, which suggests the price will decrease in the coming days. Percent R is at 90.44%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
