Kinetik Holdings Inc’s recently made public that its 10% Owner ISQ Global Fund II GP LLC unloaded Company’s shares for reported $55.0 million on Mar 17 ’25. In the deal valued at $52.66 per share,1,044,519 shares were sold. As a result of this transaction, ISQ Global Fund II GP LLC now holds 657,583 shares worth roughly $34.15 million.
Then, ISQ Global Fund II GP LLC sold 657,582 shares, generating $34,628,268 in total proceeds. Upon selling the shares at $52.66, the 10% Owner now owns 1 shares.
Before that, ISQ Global Fund II GP LLC bought 1,702,101 shares. Kinetik Holdings Inc shares valued at $91,930,475 were divested by the 10% Owner at a price of $54.01 per share.
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 Monday, Kinetik Holdings Inc [NYSE:KNTK] saw its stock jump 1.37% to $51.94. Over the last five days, the stock has lost -3.12%. Kinetik Holdings Inc shares have fallen nearly -8.41% since the year began. Nevertheless, the stocks have risen 32.13% over the past one year. While a 52-week high of $67.60 was reached on 01/21/25, a 52-week low of $37.65 was recorded on 03/10/25. SMA at 50 days reached $58.24, while 200 days put it at $51.16.
Levels Of Support And Resistance For KNTK Stock
The 24-hour chart illustrates a support level at 50.86, which if violated will result in even more drops to 49.79. On the upside, there is a resistance level at 52.58. A further resistance level may holdings at 53.22. The Relative Strength Index (RSI) on the 14-day chart is 40.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.10%. Stochastics %K at 35.83% 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 2025-03-14, growing by 0.35 million shares to a total of 3.86 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 3.51 million shares. There was a rise of 9.01%, which implies that there is a positive sentiment for the stock.
