Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Kinetik Holdings Inc shares valued at $219,873,737 were sold by ISQ Global Fund II GP LLC on Mar 04 ’25. At $55.63 per share, ISQ Global Fund II GP LLC sold 3,952,431 shares. The insider’s holdings dropped to 1,044,520 shares worth approximately $53.46 million following the completion of this transaction.
Also, ISQ Global Fund II GP LLC purchased 3,952,431 shares, netting a total of over 224,932,848 in proceeds.
Before that, Wall Matthew had sold 5,750 shares from its account. In a trade valued at $228,965, the insider traded Kinetik Holdings Inc shares for $39.82 each. Upon closing the transaction, the insider’s holdings decreased to 5,750 shares, worth approximately $27.13 million.
As published in their initiating research note from Scotiabank on January 10, 2025, Kinetik Holdings Inc [KNTK] has been a Sector outperform and the price target has been revised to $64. As of April 22, 2024, Barclays has initiated its “an Equal weight” rating for KNTK. Earlier on March 25, 2024, RBC Capital Mkts initiated its rating. Their recommendation was “an Outperform” for KNTK stock.
Analyzing KNTK Stock Performance
During the last five days, there has been a drop of approximately -8.66%. Over the course of the year, Kinetik Holdings Inc shares have dropped approximately -9.75%. Shares of the company reached a 52-week high of $67.60 on 01/21/25 and a 52-week low of $51.14 on 03/06/25. A 50-day SMA is recorded $60.54, while a 200-day SMA reached $50.14.
Support And Resistance Levels for Kinetik Holdings Inc (KNTK)
According to the 24-hour chart, there is a support level at 50.36, which, if violated, would cause prices to drop to 49.53. In the upper region, resistance lies at 52.79. The next price resistance is at 54.39. RSI (Relative Strength Index) is 27.80 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.28, which suggests the price will decrease in the coming days. Percent R is at 99.64%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
