World Kinect Corp’s recently made public 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 $25.03 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 $0.76 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 -0.93% to $24.56. Over the last five days, the stock has lost -13.40%. World Kinect Corp shares have fallen nearly -10.72% since the year began. Nevertheless, the stocks have fallen -6.44% 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 04/07/25. SMA at 50 days reached $28.32, while 200 days put it at $28.11.
Levels Of Support And Resistance For WKC Stock
The 24-hour chart illustrates a support level at 23.58, which if violated will result in even more drops to 22.59. On the upside, there is a resistance level at 25.43. A further resistance level may holdings at 26.29. The Relative Strength Index (RSI) on the 14-day chart is 22.74, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.00%. Stochastics %K at 11.94% indicates the stock is a buying.
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.
