In a filing, Kennametal Inc revealed its President and CEO Chowbey Sanjay acquired Company’s shares for reported $0.22 million on Feb 11 ’25. In the deal valued at $21.75 per share,10,000 shares were bought. As a result of this transaction, Chowbey Sanjay now holds 77,595 shares worth roughly $1.67 million.
Then, Cardenas Franklin sold 20,470 shares, generating $578,052 in total proceeds. Upon selling the shares at $28.24, the Vice President now owns 39,581 shares.
Before that, Cardenas Franklin bought 20,470 shares. Kennametal Inc shares valued at $578,056 were divested by the Officer at a price of $28.24 per share.
Jefferies downgraded its Kennametal Inc [KMT] rating to a Hold from a a Buy in a research note published on December 06, 2024; the price target was decreased to $32 from $40. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid October from “a Neutral” to “an Underperform”. Morgan Stanley began covering KMT with “an Equal-weight” recommendation on January 08, 2024. UBS revised its rating on July 08, 2022. It rated KMT as “a Sell” which previously was an “a Neutral”.
Price Performance Review of KMT
On Monday, Kennametal Inc [NYSE:KMT] saw its stock jump 0.56% to $21.48. Over the last five days, the stock has lost -2.72%. Kennametal Inc shares have fallen nearly -10.57% since the year began. Nevertheless, the stocks have fallen -14.05% over the past one year. While a 52-week high of $32.18 was reached on 01/21/25, a 52-week low of $20.50 was recorded on 02/05/25. SMA at 50 days reached $22.88, while 200 days put it at $24.88.
Levels Of Support And Resistance For KMT Stock
The 24-hour chart illustrates a support level at 21.29, which if violated will result in even more drops to 21.09. On the upside, there is a resistance level at 21.69. A further resistance level may holdings at 21.89. The Relative Strength Index (RSI) on the 14-day chart is 41.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.16%. Stochastics %K at 23.74% indicates the stock is a holding.
How much short interest is there in Kennametal Inc?
A steep rise in short interest was recorded in Kennametal Inc stocks on 2025-02-28, dropping by -1.03 million shares to a total of 4.04 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 5.08 million shares. There was a decline of -25.56%, which implies that there is a negative sentiment for the stock.
