Shares of Kennedy-Wilson Holdings (KW) Sees Large Outflow of Money

Kennedy-Wilson Holdings (KW) : Money flow in the Kennedy-Wilson Holdings (KW) stock was negative (3.59 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $1.23 million, compared to $4.82 million on downticks. The total uptick to downtick ratio was 0.26, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($3.72 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $3.72 million, indicating persistent selling. Kennedy-Wilson Holdings (KW) traded $0.03 higher at $18.42 gaining 0.14% over the previous days close.


Kennedy-Wilson Holdings (KW) : The consensus price target for Kennedy-Wilson Holdings (KW) is $31.25 for the short term with a standard deviation of $3.38. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $35, however, the pessimist price target for the company is $28. The stock has recorded a 20-day Moving Average of 3.59% and the 50-Day Moving Average is 8.66%.

Kennedy-Wilson Holdings (NYSE:KW): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.42 and $18.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.41, notching a gain of 0.11% for the day. The total traded volume was 603,240 . The stock had closed at $18.39 on the previous day.

Kennedy-Wilson Holdings, Inc. is a global real estate investment and services company. The Company owns and operates real estate related investments. The Company holds around 61.5% interest in Vintage Housing Holdings, LLC (VHH). VHH owns certain interests in around 30 multi-family properties totaling approximately 5,485 units. The Company owns around 163 mixed-use properties located throughout the United Kingdom. It operates in two business segments: KW Investments and KW Services. KW Investments invests its capital in real estate-related assets. KW Services provides an array of real estate-related services to the Company and its investment partners, third-party owners, and lenders, with a focus on financial institution based clients. The Company invests its capital in real estate assets and loans secured by real estate either on its own or with partners through publicly traded companies, joint ventures, separate accounts, or funds.

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