KKR & Company appears to take their dip seriously. Hawthorn Caller reported that KKR & Co just dropped -3.38% in shares and haven't really been doing good far longer than that. It does appear, however, that they are determined to correct that as soon as possible. Reuters reported that the firm has come to terms with Kate Richdale, now former chair of Asia investment banking at the Goldman Sachs Group, Inc.
The shares of the firm haven't moved over 0% for the past 4 weeks. In fact, over the past half and full year, the shares have moved a total of -9.16%. It remains to be seen whether Richdale's acquisition would change things, but the share ratings should not alarm anyone.
The stock market is a highly volatile marketplace. Many investors come and go, and in KKR's case, the market may not have been kind to them. Perhaps, when the market becomes kinder, KKR's fate may change.
As for Richdale's role, Richdale will come onboard as head of the strategy and business development. She will handle the Asia-Pacific Region, and will also be associated with KKR's Asia investing businesses. The area under her direct supervision is deal origination, the private equity firm revealed.
Richdale was previously connected with Morgan Stanley. She headed the department responsible for investment banking, which covered the Asia-Pacific region. It is not known how much impact her entrance will have on the company's shares, which is in dire need of a nudge in the right direction.
KKR & Co currently is in a 14-day rating of -79.65. In this rating, values above -20 are considered 'overbought.' Any value that goes under -80 is 'undersold.' The rating fell under the Williams %R range, which measures whether a share is oversold or overbought.
Investors may choose to keep with the stock or take the profits once the stock does well enough. In the case of KKR, it can use a boost of fresh energy. Its share needs to do well if it wants to regain lost ground. It is in the company's hopes that Kate Richdale will prove to be the missing piece to its stock market puzzle, which is proving to be a little too problematic to solve.
