The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. KBR Inc. shares valued at $256,876 were sold by Myles Jennifer on Feb 21. At $54.49 per share, Myles Jennifer sold 4,714 shares. The insider’s holdings dropped to 69,902 shares worth approximately $3.86 million following the completion of this transaction.
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Also, Myles Jennifer sold 1,449 shares, netting a total of over 72,965 in proceeds. Following the sale of shares at $50.36 each, the insider now holds 49,236 shares.
Before that, Kelly Douglas Nick had sold 3,456 shares from its account. In a trade valued at $177,472, the President, Technology traded KBR Inc. shares for $51.35 each. Upon closing the transaction, the insider’s holdings decreased to 3,456 shares, worth approximately $1.75 million.
As of March 04, 2022, DA Davidson has increased its “Neutral” rating to a “Buy” for KBR. Earlier on June 03, 2020, Goldman upgraded its rating. Their new recommendation was “a Buy” for KBR stock which previously was a “a Neutral”.
Analyzing KBR Stock Performance
On Thursday, KBR Inc. [NYSE: KBR] rose 0.25% to $55.24. The stock’s lowest price that day was $54.86, but it reached a high of $55.53 in the same session. During the last five days, there has been a drop of approximately -0.27%. Over the course of the year, KBR Inc. shares have jumped approximately 4.62%. Shares of the company reached a 52-week high of $58.00 on 02/16/23 and a 52-week low of $47.70 on 01/19/23. A 50-day SMA is recorded $51.95, while a 200-day SMA reached $49.72. Nevertheless, trading volume fell to 0.69 million shares from 0.89 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 54.89, which, if violated, would cause prices to drop to 54.54. In the upper region, resistance lies at 55.56. The next price resistance is at 55.88. RSI (Relative Strength Index) is 64.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.70, which suggests the price will decrease in the coming days. Percent R is at 40.00%, indicating low 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 rise in short interest on Jan 30, 2023 jumping by 0.42 million shares to 4.32 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 3.9 million shares. A jump of 9.72% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.08 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.08.
Which companies own the most shares of KBR Inc. (KBR)?
According to The Vanguard Group, Inc. filings, the company currently owns 13,034,749 shares, which is about 9.50% of the total KBR shares outstanding. The investor’s shares have appreciated by 259,702 from its previous 13-F filing of 12775047.0 shares. With the completion of the buy transaction, Fidelity Management & Research Co’s stake is now worth $631,777,223. BlackRock Fund Advisors acquire a 1.63% interest valued at $587.58 million while Massachusetts Financial Services purchased a 57,413 stake. A total of -332,096 shares of KBR Inc. were bought by Invesco Advisers, Inc. during the quarter, and 0 by Impactive Capital LP. In its current portfolio, Frontier Capital Management Co. L holds 4,196,322 shares valued at $214.98 million.
In terms of KBR Inc. share price expectations, FactSet research, analysts set an average price target of $66.64 in the next 12 months, up nearly 21.6% from the previous closing price of $55.10. Analysts anticipate KBR Inc. stock to reach $70.00 by 2023, with the lowest price target being $61.00. In spite of this, 12 analysts ranked KBR Inc. stock as a Buy at the end of 2023. On May 26, 2020, UBS assigned a price target of “a Buy” to the stock and upgraded coverage with a $28.