World Kinect Corp’s recent filing unveils that its Chairman, CEO and President KASBAR MICHAEL J unloaded Company’s shares for reported $0.62 million on Mar 04 ’25. In the deal valued at $28.96 per share,21,507 shares were sold. As a result of this transaction, KASBAR MICHAEL J now holds 1,019,063 shares worth roughly $28.9 million.
Then, KASBAR MICHAEL J bought 21,507 shares, generating $622,765 in total proceeds.
Before that, Tejada Jose-Miguel sold 2,500 shares. World Kinect Corp shares valued at $70,188 were divested by the SVP, Chief Accounting Officer at a price of $28.08 per share. As a result of the transaction, Tejada Jose-Miguel now holds 30,858 shares, worth roughly $0.88 million.
Stifel downgraded its World Kinect Corp [WKC] rating to a Hold from a a Buy in a research note published on October 25, 2024; the price target was decreased to $32 from $33. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid September from “an Equal-weight” to “an Underweight”. JP Morgan began covering WKC with “Neutral” recommendation on February 21, 2024. Morgan Stanley started covering the stock on November 06, 2023. It rated WKC as “an Equal-weight”.
Price Performance Review of WKC
On monday, World Kinect Corp [NYSE:WKC] saw its stock fall -0.56% to $28.36. Over the last five days, the stock has gained 0.71%. World Kinect Corp shares have risen nearly 3.09% since the year began. Nevertheless, the stocks have risen 7.18% over the past one year. While a 52-week high of $31.70 was reached on 02/24/25, a 52-week low of $21.38 was recorded on 01/10/25. SMA at 50 days reached $28.52, while 200 days put it at $28.09.
Levels Of Support And Resistance For WKC Stock
The 24-hour chart illustrates a support level at 28.17, which if violated will result in even more drops to 27.99. On the upside, there is a resistance level at 28.57. A further resistance level may holdings at 28.79. The Relative Strength Index (RSI) on the 14-day chart is 48.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.14%. Stochastics %K at 58.27% indicates the stock is a holding.
How much short interest is there in World Kinect Corp?
A steep rise in short interest was recorded in World Kinect Corp stocks on 2025-03-14, dropping by 36236.0 shares to a total of 5.35 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 5.38 million shares. There was a decline of -0.68%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 06, 2023 when Raymond James began covering the stock and recommended ‘”an Outperform”‘ rating along with a $30 price target.
