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Shares of KKR & Co Have Risen Above Previous 52-Week High

Published on Thu, 01/10/2013 - 15:14
By Peter Chu

KKR & Co (NYSE:KKR) traded at a new 52-week high today of $16.05. Approximately 3.4 million shares have changed hands today, as compared to an average 30-day volume of 1.7 million shares.

Over the past year, KKR & Co has traded in a range of $11.03 to $16.05 and is now at $15.81, 43% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

KKR & Co has overhead space with shares priced $15.81, or 11.8% below the average consensus analyst price target of $17.92. The stock should discover initial support at its 50-day moving average (MA) of $14.49 and subsequent support at its 200-day MA of $13.93.

KKR & Co. L.P. is a global alternative asset manager. The Company operates private equity funds that take either controlling or strategic minority ownership positions for long-term appreciation, invests in leveraged loans, high-yield bonds and less liquid credit products, and, on behalf of portfolio companies, arranges equity and debt financing and offers capital market advice.

By Peter Chu