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 $24.47 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 $0.74 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 jump 0.25% to $24.01. Over the last five days, the stock has lost -2.24%. World Kinect Corp shares have fallen nearly -12.72% since the year began. Nevertheless, the stocks have fallen -7.19% 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 04/09/25. SMA at 50 days reached $27.86, while 200 days put it at $28.06.
Levels Of Support And Resistance For WKC Stock
The 24-hour chart illustrates a support level at 23.57, which if violated will result in even more drops to 23.14. On the upside, there is a resistance level at 24.34. A further resistance level may holdings at 24.68. The Relative Strength Index (RSI) on the 14-day chart is 31.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.69%. Stochastics %K at 16.61% 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 2025-03-31, dropping by 60757.0 shares to a total of 5.59 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 5.65 million shares. There was a decline of -1.09%, 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.
