World Kinect Corp’s filing revealed 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 $28.8 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 $0.87 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 Tuesday, World Kinect Corp [NYSE:WKC] saw its stock jump 0.68% to $28.26. Over the last five days, the stock has gained 2.50%. World Kinect Corp shares have risen nearly 2.73% since the year began. Nevertheless, the stocks have risen 6.68% over the past one year.
How much short interest is there in World Kinect Corp?
A steep rise in short interest was recorded in World Kinect Corp stocks on 2025-05-15, dropping by -0.15 million shares to a total of 5.11 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-15 was 5.26 million shares. There was a decline of -2.87%, 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.
