John Manley Purchases Shares in World Kinect Corporation
John Manley acquired 7,231 shares of World Kinect Corporation on June 18, 2026.
Key Points
- John Manley bought 7,231 shares of World Kinect Corporation on June 18, 2026.
- Shares of NYSE:WKC traded near $31.68 on Wednesday with a market cap of $1.63 billion.
- Morgan Stanley maintained a 'sell' rating with a $26 target on May 5, 2026.
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John Manley made a move in the stock market by purchasing 7,231 shares of World Kinect Corporation (NYSE:WKC) on June 18, 2026. This insider transaction was not part of a pre-planned trading program.
Insider Buying and Selling at World Kinect Corporation
Several insiders, including John Manley, made purchases of World Kinect Corporation shares on June 18, 2026. Manley acquired 7,231 shares. Other insiders, such as Jorge Benitez and Gregory Piper, also bought 6,427 shares each, while Ken Bakshi purchased 7,070 shares. These transactions were not conducted under Rule 10b5-1 plans.
World Kinect Corporation Stock Down 9.9%
Shares of World Kinect Corporation, trading under the ticker WKC on the NYSE, were priced near $31.68 on Wednesday. The company has a market capitalization of approximately $1.63 billion. It carries a forward P/E ratio of 13.02 and a beta of 1.236, indicating some volatility compared to the market. The stock's 52-week range spans from $22.21 to $32.24, with moving averages of $27.63 over 50 days and $25.74 over 200 days.
$WKC stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On May 5, 2026, Morgan Stanley maintained its 'sell' rating on World Kinect Corporation, setting a price target of $26. Meanwhile, Raymond James reiterated a 'buy' rating with a higher target of $33. The consensus among analysts is a target price of approximately $29.33, based on three analyst opinions.
About World Kinect Corporation
World Kinect Corporation is an energy management company headquartered in Miami, Florida. It operates in the oil and gas refining and marketing industry. The company, led by CEO Mr. Michael J. Kasbar, employs over 4,000 people and serves a global market. World Kinect's operations span three segments: Aviation, Land, and Marine, providing fuel and related services to a diverse customer base, including commercial airlines and marine fleets.
Bottom Line
Insider buying activity at World Kinect Corporation, including John Manley's recent acquisition, is noteworthy for investors tracking insider sentiment. Shares traded near $31.68, reflecting the company's market position and analyst ratings. As always, remember that insider trades are reported after the fact and may not indicate future actions.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.