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

Kennedy-Wilson Holdings (NYSE:KW) : Money flow in the Kennedy-Wilson Holdings (NYSE:KW) stock was negative (9.2 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $2.64 million, compared to $11.85 million on downticks. The total uptick to downtick ratio was 0.22, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($9.08 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $9.08 million, indicating persistent selling. Kennedy-Wilson Holdings (NYSE:KW) traded $0.97 higher at $18.62 gaining 5.5% over the previous days close.


In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Kennedy-Wilson Holdings, Inc., Zax Stanley R had purchased shares worth of $940,000 in a transaction dated on June 14, 2016. A total of 50,000 shares were purchased at a price of $18.8 per share. The information is based on open market trades at the market prices.Option exercises are not covered. Currently the company Insiders own 19.2% of Kennedy-Wilson Holdings shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 2.77% . Institutional Investors own 80.09% of Kennedy-Wilson Holdings shares. During last six month period, the net percent change held by insiders has seen a change of 2.26%.

The company shares have dropped -29.14% from its 1 Year high price. On Nov 30, 2015, the shares registered one year high at $26.44 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $20.09 and the 200 Day Moving Average price is recorded at $20.65. Kennedy-Wilson Holdings (NYSE:KW): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.89 and $17.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.62, notching a gain of 5.50% for the day. The total traded volume was 1,474,274 . The stock had closed at $17.65 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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