What's Going With KKR Shares Premarket On Friday?
Portfolio Pulse from Lekha Gupta
KKR & Co. Inc. shares are trading lower premarket after partnering with BBVA to advance decarbonization efforts. BBVA committed $200 million to KKR's Global Climate Strategy. KKR also announced the sale of GeoStabilization International and a stake acquisition in Queensland Airports Limited.
September 27, 2024 | 1:07 pm
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NEUTRAL IMPACT
Investors can gain exposure to KKR through FM Focus Equity ETF, which may be impacted by KKR's recent strategic moves.
FMCX holds KKR, and its performance may be indirectly influenced by KKR's strategic decisions. However, the ETF's diversified nature may buffer against short-term volatility in KKR's stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF provides exposure to KKR, which is involved in new partnerships and asset transactions.
LBO holds KKR, and its value may be affected by KKR's recent activities. However, as an ETF, it is less sensitive to individual stock movements.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
KKR shares are trading lower premarket after partnering with BBVA on decarbonization efforts, with BBVA committing $200 million. KKR also announced asset sales and acquisitions.
KKR's share price is slightly down premarket, likely due to the market's initial reaction to the partnership with BBVA and the strategic moves involving asset sales and acquisitions. The decarbonization partnership is a long-term positive, but immediate market reactions can be cautious.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100