Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kite Realty Group Trust shares valued at $762,728 were sold by Grimes Steven P on Nov 27 ’24. At $27.99 per share, Grimes Steven P sold 27,250 shares. The insider’s holdings dropped to 705,002 shares worth approximately $16.07 million following the completion of this transaction.
Also, Grimes Steven P sold 37,295 shares, netting a total of over 999,506 in proceeds. Following the sale of shares at $26.80 each, the insider now holds 732,252 shares.
As published in a research note from Jefferies on January 02, 2025, Kite Realty Group Trust [KRG] has been rated down from a Buy to a Hold and the price target has been revised to $27 from $31. Analysts at Wells Fargo upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal weight”‘ outlook in a report released in late August. As of August 16, 2024, Raymond James has increased its “Mkt perform” rating to a “Strong buy” for KRG. Earlier on April 18, 2024, Jefferies upgraded its rating. Their new recommendation was “a Buy” for KRG stock which previously was a “a Hold”.
Analyzing KRG Stock Performance
During the last five days, there has been a drop of approximately -4.40%. Over the course of the year, Kite Realty Group Trust shares have dropped approximately -9.67%. Shares of the company reached a 52-week high of $25.17 on 01/02/25 and a 52-week low of $22.39 on 01/13/25. A 50-day SMA is recorded $26.01, while a 200-day SMA reached $24.14. Nevertheless, trading volume fell to 1.42 million shares from 2.62 million shares the previous day.
Support And Resistance Levels for Kite Realty Group Trust (KRG)
According to the 24-hour chart, there is a support level at 22.56, which, if violated, would cause prices to drop to 22.33. In the upper region, resistance lies at 23.23. The next price resistance is at 23.66. RSI (Relative Strength Index) is 24.12 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.42, which suggests the price will decrease in the coming days. Percent R is at 86.24%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
