Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kennametal Inc shares valued at $578,052 were sold by Cardenas Franklin on Dec 04 ’24. At $28.24 per share, Cardenas Franklin sold 20,470 shares. The insider’s holdings dropped to 39,581 shares worth approximately $0.96 million following the completion of this transaction.
Also, Cardenas Franklin purchased 20,470 shares, netting a total of over 578,056 in proceeds.
Before that, Witt John Wayne had sold 1,765 shares from its account. In a trade valued at $51,803, the Vice President traded Kennametal Inc shares for $29.35 each. Upon closing the transaction, the insider’s holdings decreased to 1,765 shares, worth approximately $39949.86.
As published in a research note from Jefferies on December 06, 2024, Kennametal Inc [KMT] has been rated down from a Buy to a Hold and the price target has been revised to $32 from $40. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in mid October. As of January 08, 2024, Morgan Stanley has initiated its “an Equal-weight” rating for KMT. Earlier on July 08, 2022, UBS downgraded its rating. Their new recommendation was “a Sell” for KMT stock which previously was a “a Neutral”.
Analyzing KMT Stock Performance
During the last five days, there has been a surge of approximately 1.29%. Over the course of the year, Kennametal Inc shares have jumped approximately 1.29%. Shares of the company reached a 52-week high of $24.40 on 01/08/25 and a 52-week low of $23.35 on 01/03/25. A 50-day SMA is recorded $26.85, while a 200-day SMA reached $25.31. Nevertheless, trading volume fell to 0.87 million shares from 0.54 million shares the previous day.
Support And Resistance Levels for Kennametal Inc (KMT)
According to the 24-hour chart, there is a support level at 23.72, which, if violated, would cause prices to drop to 23.11. In the upper region, resistance lies at 24.67. The next price resistance is at 25.01. RSI (Relative Strength Index) is 37.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 72.78%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
