Stock Investors Sell Off Shares of KKR Financial Holdings, Down 1.2%

Published on Wed, 02/06/2013 - 11:30
By Adrienne Chilton in Market movers, KFN, kkr financial holdings, market movers, nyse:kfn

KKR Financial Holdings (NYSE:KFN), a company whose shares are moving quickly, is trading 1.2% lower to $11.35. The S&P is trading fractionally lower to 1,509 and the Dow is trading 0.2% lower to 13,945.

In the past 52 weeks, KKR Financial Holdings share prices have been bracketed by a low of $7.95 and a high of $11.93 and are now at $11.35, 43% above that low price. The 200-day and 50-day moving averages have moved 0.31% higher and 0.62% higher over the past week, respectively.

KKR Financial Holdings has overhead space with shares priced $11.35, or 1.3% below the average consensus analyst price target of $11.50. KKR Financial Holdings shares have support at the 50-day moving average (MA) of $10.79 and additional support at the 200-day MA of $9.64.

KKR Financial Holdings LLC is a specialty finance company that invests in multiple asset classes. The Company invests in debt securities and marketable and non-marketable equity securities. KKR Financial Holdings is externally managed by KKR Financial Advisors LLC, an affiliate of Kohlberg Kravis Roberts & Co. L.P.

By Adrienne Chilton
achilton@fnno.com

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