World Kinect Corp’s recent filing unveils that its SVP, Chief Accounting Officer Tejada Jose-Miguel unloaded Company’s shares for reported $70188.0 on Nov 18 ’24. In the deal valued at $28.08 per share,2,500 shares were sold. As a result of this transaction, Tejada Jose-Miguel now holds 30,858 shares worth roughly $0.83 million.
Then, Tejada Jose-Miguel bought 2,500 shares, generating $70,189 in total proceeds.
Before that, KASSAR RICHARD A sold 20,000 shares. World Kinect Corp shares valued at $522,000 were divested by the Director at a price of $26.10 per share. As a result of the transaction, KASSAR RICHARD A now holds 57,087 shares, worth roughly $1.54 million.
Stifel downgraded its World Kinect Corp [WKC] rating to a Hold from a a Buy in a research note published on October 25, 2024; the price target was decreased to $32 from $33. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid September from “an Equal-weight” to “an Underweight”. JP Morgan began covering WKC with “Neutral” recommendation on February 21, 2024. Morgan Stanley started covering the stock on November 06, 2023. It rated WKC as “an Equal-weight”.
Price Performance Review of WKC
On Friday, World Kinect Corp [NYSE:WKC] saw its stock fall -1.85% to $26.99. Over the last five days, the stock has lost -1.50%. World Kinect Corp shares have fallen nearly -1.89% since the year began. Nevertheless, the stocks have risen 22.07% over the past one year. While a 52-week high of $31.70 was reached on 01/06/25, a 52-week low of $21.21 was recorded on 01/10/25. SMA at 50 days reached $27.84, while 200 days put it at $27.22.
Levels Of Support And Resistance For WKC Stock
The 24-hour chart illustrates a support level at 26.71, which if violated will result in even more drops to 26.43. On the upside, there is a resistance level at 27.34. A further resistance level may holdings at 27.69. The Relative Strength Index (RSI) on the 14-day chart is 40.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.72%. Stochastics %K at 40.45% indicates the stock is a holding.
How much short interest is there in World Kinect Corp?
A steep rise in short interest was recorded in World Kinect Corp stocks on 2024-12-13, growing by 0.32 million shares to a total of 6.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 6.01 million shares. There was a rise of 5.09%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 06, 2023 when Raymond James began covering the stock and recommended ‘”an Outperform”‘ rating along with a $30 price target.
