Kimco Realty Corporation’s filing revealed that its Chief Operating Officer Jamieson David unloaded Company’s shares for reported $1.1 million on Aug 02 ’24. In the deal valued at $21.92 per share,50,000 shares were sold. As a result of this transaction, Jamieson David now holds 337,111 shares worth roughly $7.57 million.
Then, David R. Jamieson bought 50,000 shares, generating $1,104,000 in total proceeds.
Before that, LOURENSO FRANK sold 8,890 shares. Kimco Realty Corporation shares valued at $172,653 were divested by the Director at a price of $19.42 per share. As a result of the transaction, LOURENSO FRANK now holds 203,534 shares, worth roughly $4.57 million.
Jefferies downgraded its Kimco Realty Corporation [KIM] rating to a Hold from a a Buy in a research note published on January 02, 2025; the price target was decreased to $25 from $28. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “a Neutral”. Mizuho also remained covering KIM and has decreased its forecast on August 19, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. Raymond James revised its rating on August 16, 2024. It rated KIM as “a Strong buy” which previously was an “a Mkt perform”.
Price Performance Review of KIM
On Friday, Kimco Realty Corporation [NYSE:KIM] saw its stock fall -1.01% to $22.45. Over the last five days, the stock has lost -2.05%. Kimco Realty Corporation shares have fallen nearly -4.18% since the year began. Nevertheless, the stocks have risen 9.67% over the past one year. While a 52-week high of $25.83 was reached on 01/28/25, a 52-week low of $17.57 was recorded on 01/10/25. SMA at 50 days reached $23.72, while 200 days put it at $21.94.
Levels Of Support And Resistance For KIM Stock
The 24-hour chart illustrates a support level at 22.22, which if violated will result in even more drops to 21.98. On the upside, there is a resistance level at 22.72. A further resistance level may holdings at 22.98. The Relative Strength Index (RSI) on the 14-day chart is 44.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.69%. Stochastics %K at 47.05% indicates the stock is a holding.
How much short interest is there in Kimco Realty Corporation?
A steep rise in short interest was recorded in Kimco Realty Corporation stocks on 2025-01-15, dropping by -0.53 million shares to a total of 15.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 16.23 million shares. There was a decline of -3.39%, which implies that there is a negative sentiment for the stock.
