Kinder Morgan is trading at $31.78, up 5.27% in pre-market; available coverage has surfaced no clear company-specific catalyst.
- A November 6 report noted Morgan Stanley’s price-target reduction but did not establish it as the reason for the move.
- Kinder Morgan’s latest major news was its October 21 report of record third-quarter results and a $14.4 billion project backlog, predating the move.
- The supplied index picture is mixed and does not clearly explain the gain.