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Scotiabank initates Kinder Morgan Inc (KMI) stock to a Sector perform

Kinder Morgan Inc’s recent filing unveils that its President MARTIN THOMAS A unloaded Company’s shares for reported $0.5 million on Jan 02 ’25. In the deal valued at $27.91 per share,18,000 shares were sold. As a result of this transaction, MARTIN THOMAS A now holds 861,652 shares worth roughly $23.68 million.

Then, MARTIN THOMAS A sold 18,000 shares, generating $492,079 in total proceeds. Upon selling the shares at $27.34, the President now owns 879,652 shares.

Before that, MARTIN THOMAS A sold 19,121 shares. Kinder Morgan Inc shares valued at $502,530 were divested by the President at a price of $26.28 per share. As a result of the transaction, MARTIN THOMAS A now holds 897,652 shares, worth roughly $24.67 million.

Scotiabank initiated its Kinder Morgan Inc [KMI] rating to a Sector perform in a research note published on January 10, 2025; the price target was $26. BofA Securities also remained covering KMI and has increased its forecast on October 11, 2024 with a “Buy” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on September 16, 2024. It rated KMI as “an Equal-weight” which previously was an “an Underweight”.

Price Performance Review of KMI

On Friday, Kinder Morgan Inc [NYSE:KMI] saw its stock fall -2.21% to $27.48. Over the last five days, the stock has lost -9.22%. Kinder Morgan Inc shares have risen nearly 0.29% since the year began. Nevertheless, the stocks have risen 59.67% over the past one year. While a 52-week high of $31.48 was reached on 01/21/25, a 52-week low of $16.47 was recorded on 01/28/25. SMA at 50 days reached $27.96, while 200 days put it at $22.96.

Levels Of Support And Resistance For KMI Stock

The 24-hour chart illustrates a support level at 27.18, which if violated will result in even more drops to 26.87. On the upside, there is a resistance level at 28.02. A further resistance level may holdings at 28.56. The Relative Strength Index (RSI) on the 14-day chart is 43.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.30%. Stochastics %K at 14.94% indicates the stock is a buying.

How much short interest is there in Kinder Morgan Inc?

A steep rise in short interest was recorded in Kinder Morgan Inc stocks on 2024-12-31, growing by 0.77 million shares to a total of 42.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 41.99 million shares. There was a rise of 1.79%, which implies that there is a positive sentiment for the stock.

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