Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Kyndryl Holdings Inc shares valued at $2,374,491 were purchased by Khurana Vineet on Feb 06 ’25. At $42.81 per share, Khurana Vineet acquired 55,465 shares.
Also, Sebold Edward purchased 27,500 shares, netting a total of over 1,177,782 in proceeds.
Before that, Khurana Vineet had sold 30,430 shares from its account. In a trade valued at $802,244, the SVP & Global Controller traded Kyndryl Holdings Inc shares for $26.36 each. Upon closing the transaction, the insider’s holdings decreased to 30,430 shares, worth approximately $3.38 million.
As published in a research note from Oppenheimer on November 22, 2024, Kyndryl Holdings Inc [KD] has been retained to an Outperform and the price target has been revised to $37. Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in late November. As of June 27, 2024, Oppenheimer has initiated its “an Outperform” rating for KD. Earlier on February 12, 2024, Susquehanna upgraded its rating. Their new recommendation was “a Positive” for KD stock which previously was a “a Neutral”.
Analyzing KD Stock Performance
During the last five days, there has been a surge of approximately 13.92%. Over the course of the year, Kyndryl Holdings Inc shares have jumped approximately 24.16%. Shares of the company reached a 52-week high of $43.61 on 02/05/25 and a 52-week low of $33.86 on 01/02/25. A 50-day SMA is recorded $36.54, while a 200-day SMA reached $27.72. Nevertheless, trading volume fell to 2.75 million shares from 5.1 million shares the previous day.
Support And Resistance Levels for Kyndryl Holdings Inc (KD)
According to the 24-hour chart, there is a support level at 42.22, which, if violated, would cause prices to drop to 41.48. In the upper region, resistance lies at 43.65. The next price resistance is at 44.34. RSI (Relative Strength Index) is 74.03 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.85, which suggests the price will increase in the coming days. Percent R is at 9.21%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
