Insider Selling: Conlon Gregory Sean, KBR Inc. [KBR] Chief Digital & Development divested 14,564 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. KBR Inc. shares valued at $758,634 were sold by Conlon Gregory Sean on Aug 19. At $52.09 per share, Conlon Gregory Sean sold 14,564 shares. The insider’s holdings dropped to 50,399 shares worth approximately $2.3 million following the completion of this transaction.

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Also, Pickard Ann Darlene sold 6,000 shares, netting a total of over 310,930 in proceeds. Following the sale of shares at $51.82 each, the insider now holds 45,181 shares.

Before that, Barrie Andrew had sold 3,111 shares from its account. In a trade valued at $159,750, the President Gov’t Solutions EMEA traded KBR Inc. shares for $51.35 each. Upon closing the transaction, the insider’s holdings decreased to 3,111 shares, worth approximately $0.38 million.

Analysts at DA Davidson upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early March. As of June 03, 2020, Goldman has increased its “Neutral” rating to a “Buy” for KBR. Earlier on May 26, 2020, UBS upgraded its rating. Their new recommendation was “a Buy” for KBR stock which previously was a “a Neutral”.

Analyzing KBR’s Price Performance

On Thursday, KBR Inc. [NYSE: KBR] plunged -3.04% to $45.61. The stock’s lowest price that day was $45.02, but it reached a high of $47.18 in the same session. During the last five days, there has been a drop of approximately -8.01%. Over the course of the year, KBR Inc. shares have dropped approximately -4.22%. Shares of the company reached a 52-week high of $56.94 on 04/14/22 and a 52-week low of $41.77 on 01/28/22. A 50-day SMA is recorded $50.08, while a 200-day SMA reached $48.95. Nevertheless, trading volume fell to 1.89 million shares from 1.73 million shares the previous day.

Support And Resistance Levels for KBR Inc. (KBR)

According to the 24-hour chart, there is a support level at 44.69, which, if violated, would cause prices to drop to 43.78. In the upper region, resistance lies at 46.85. The next price resistance is at 48.10. RSI (Relative Strength Index) is 29.48 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.52, which suggests the price will decrease in the coming days. Percent R is at 88.94%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is KBR Inc. subject to short interest?

Stocks of KBR Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -6.44 million shares to 4.79 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 11.23 million shares. A decline of -134.45% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.05 of the overall float, the days-to-cover ratio (short ratio) decline to 2.05.

Which companies own the most shares of KBR Inc. (KBR)?

According to The Vanguard Group, Inc. filings, the company currently owns 12,655,500 shares, which is about 9.10% of the total KBR shares outstanding. The investor’s shares have plunged by -246,085 from its previous 13-F filing of 12901585.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $545,070,185. Fidelity Management & Research Co reduced a -12.83% interest valued at $519.5 million while Impactive Capital LP purchased a 571,603 stake. A total of 114,700 shares of KBR Inc. were bought by Massachusetts Financial Services during the quarter, and 1,262,130 were bought by Invesco Advisers, Inc.. In its current portfolio, Macquarie Investment Management B holds 4,468,902 shares valued at $215.85 million.

In terms of KBR Inc. share price expectations, FactSet research, analysts set an average price target of $63.00 in the next 12 months, up nearly 37.12% from the previous closing price of $47.04. Analysts anticipate KBR Inc. stock to reach $66.00 by 2022, with the lowest price target being $56.00. In spite of this, 11 analysts ranked KBR Inc. stock as a Buy at the end of 2022. On April 27, 2020, Citigroup assigned a price target of “a Buy” to the stock and upgraded coverage with a $23.


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