The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. World Kinect Corp shares valued at $622,843 were sold by KASBAR MICHAEL J on Mar 04 ’25. At $28.96 per share, KASBAR MICHAEL J sold 21,507 shares. The insider’s holdings dropped to 1,019,063 shares worth approximately $28.91 million following the completion of this transaction.
Also, KASBAR MICHAEL J purchased 21,507 shares, netting a total of over 622,765 in proceeds.
Before that, Tejada Jose-Miguel had sold 2,500 shares from its account. In a trade valued at $70,188, the SVP, Chief Accounting Officer traded World Kinect Corp shares for $28.08 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $0.88 million.
As published in a research note from Stifel on October 25, 2024, World Kinect Corp [WKC] has been rated down from a Buy to a Hold and the price target has been revised to $32 from $33. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in mid September. As of February 21, 2024, JP Morgan has initiated its “Neutral” rating for WKC. Earlier on November 06, 2023, Morgan Stanley initiated its rating. Their recommendation was “an Equal-weight” for WKC stock.
Analyzing WKC Stock Performance
During the last five days, there has been a surge of approximately 3.43%. Over the course of the year, World Kinect Corp shares have jumped approximately 3.13%. Shares of the company reached a 52-week high of $31.54 on 02/24/25 and a 52-week low of $26.78 on 01/10/25. A 50-day SMA is recorded $28.40, while a 200-day SMA reached $28.01.
Support And Resistance Levels for World Kinect Corp (WKC)
According to the 24-hour chart, there is a support level at 28.16, which, if violated, would cause prices to drop to 27.95. In the upper region, resistance lies at 28.77. The next price resistance is at 29.17. RSI (Relative Strength Index) is 48.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.23, which suggests the price will decrease in the coming days. Percent R is at 66.88%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
