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Insiders At Kinder Morgan Sold US$29m In Stock, Alluding To Potential Weakness


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Published in Stocks and Investing on Sunday, November 24th 2024 at 14:55 GMT by Thomas Matters   Print publication without navigation

  • Over the past year, many Kinder Morgan, Inc. ( NYSE:KMI ) insiders sold a significant stake in the company which

The article from Yahoo Finance discusses insider trading activities at Kinder Morgan, Inc., where several insiders sold shares of the company. Notably, on November 25, 2022, VP John W. Schlosser sold 1,500 shares at an average price of $18.70, and on December 27, 2022, VP Dax Sanders sold 50,000 shares at $18.75 each. These transactions are part of a broader trend where insiders have sold a total of US$1.9m worth of shares over the last year, with no insider purchases recorded during the same period. This pattern of selling could be interpreted in various ways, but it's noted that insider selling does not necessarily indicate a lack of confidence in the company's future. The article also mentions that Kinder Morgan's stock has seen a 12% increase over the last year, suggesting that despite insider sales, the company's performance has been positive.

Read the Full YAHOO!Finance Article at [ https://finance.yahoo.com/news/insiders-kinder-morgan-sold-us-130012444.html ]

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