In a filing, Kinetik Holdings Inc revealed its insider Wall Matthew unloaded Company’s shares for reported $0.23 million on Mar 28 ’24. In the deal valued at $39.82 per share,5,750 shares were sold. As a result of this transaction, Wall Matthew now holds 530,066 shares worth roughly $33.45 million.
Then, Carpenter Todd sold 2,500 shares, generating $99,550 in total proceeds. Upon selling the shares at $39.82, the insider now owns 271,162 shares.
Before that, Howard Trevor sold 7,000 shares. Kinetik Holdings Inc shares valued at $263,340 were divested by the insider at a price of $37.62 per share. As a result of the transaction, Howard Trevor now holds 198,411 shares, worth roughly $12.52 million.
Scotiabank initiated its Kinetik Holdings Inc [KNTK] rating to a Sector outperform in a research note published on January 10, 2025; the price target was $64. Barclays began covering KNTK with “an Equal weight” recommendation on April 22, 2024. RBC Capital Mkts started covering the stock on March 25, 2024. It rated KNTK as “an Outperform”.
Price Performance Review of KNTK
On Friday, Kinetik Holdings Inc [NYSE:KNTK] saw its stock jump 0.83% to $63.10. Over the last five days, the stock has lost -2.06%. Kinetik Holdings Inc shares have risen nearly 11.27% since the year began. Nevertheless, the stocks have risen 94.45% over the past one year. While a 52-week high of $67.60 was reached on 01/21/25, a 52-week low of $31.98 was recorded on 01/02/25. SMA at 50 days reached $60.02, while 200 days put it at $48.38.
Levels Of Support And Resistance For KNTK Stock
The 24-hour chart illustrates a support level at 62.26, which if violated will result in even more drops to 61.41. On the upside, there is a resistance level at 63.90. A further resistance level may holdings at 64.69. The Relative Strength Index (RSI) on the 14-day chart is 52.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.98%. Stochastics %K at 38.22% indicates the stock is a holding.
How much short interest is there in Kinetik Holdings Inc?
A steep rise in short interest was recorded in Kinetik Holdings Inc stocks on 2025-01-15, growing by 59553.0 shares to a total of 2.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 2.7 million shares. There was a rise of 2.16%, which implies that there is a positive sentiment for the stock.
