Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Kinder Morgan Inc shares valued at $502,294 were sold by MARTIN THOMAS A on Jan 02 ’25. At $27.91 per share, MARTIN THOMAS A sold 18,000 shares. The insider’s holdings dropped to 861,652 shares worth approximately $26.52 million following the completion of this transaction.
Also, MARTIN THOMAS A sold 18,000 shares, netting a total of over 492,079 in proceeds. Following the sale of shares at $27.34 each, the insider now holds 879,652 shares.
Before that, MARTIN THOMAS A had sold 19,121 shares from its account. In a trade valued at $502,530, the President traded Kinder Morgan Inc shares for $26.28 each. Upon closing the transaction, the insider’s holdings decreased to 19,121 shares, worth approximately $27.63 million.
As published in their initiating research note from Scotiabank on January 10, 2025, Kinder Morgan Inc [KMI] has been a Sector perform and the price target has been revised to $26. As of October 11, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for KMI. Earlier on September 16, 2024, Morgan Stanley upgraded its rating. Their new recommendation was “an Equal-weight” for KMI stock which previously was a “an Underweight”.
Analyzing KMI Stock Performance
During the last five days, there has been a surge of approximately 5.70%. Over the course of the year, Kinder Morgan Inc shares have jumped approximately 12.34%. Shares of the company reached a 52-week high of $31.48 on 01/21/25 and a 52-week low of $27.51 on 01/02/25. A 50-day SMA is recorded $27.76, while a 200-day SMA reached $22.61. Nevertheless, trading volume fell to 20.08 million shares from 22.83 million shares the previous day.
Support And Resistance Levels for Kinder Morgan Inc (KMI)
According to the 24-hour chart, there is a support level at 30.48, which, if violated, would cause prices to drop to 30.17. In the upper region, resistance lies at 31.27. The next price resistance is at 31.76. RSI (Relative Strength Index) is 74.29 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.82, which suggests the price will increase in the coming days. Percent R is at 16.95%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
