KBR Shares Experience Decline in Value

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. KBR Inc shares valued at $257,674 were purchased by SOPP MARK W on Nov 08. At $51.53 per share, SOPP MARK W acquired 5,000 shares. The insider’s holdings grew to 147,178 shares worth approximately $7.67 million following the completion of this transaction.

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Also, Bright William Byron Jr. sold 20,000 shares, netting a total of over 1,213,522 in proceeds. Following the sale of shares at $60.68 each, the insider now holds 57,986 shares.

Before that, Myles Jennifer had sold 480 shares from its account. In a trade valued at $31,354, the EVP, Chief People Officer traded KBR Inc shares for $65.32 each. Upon closing the transaction, the insider’s holdings decreased to 480 shares, worth approximately $0.76 million.

Analyzing KBR Stock Performance

During the last five days, there has been a drop of approximately -1.04%. Over the course of the year, KBR Inc shares have dropped approximately -5.96%. Shares of the company reached a 52-week high of $56.20 on 01/02/24 and a 52-week low of $51.60 on 01/25/24. A 50-day SMA is recorded $53.39, while a 200-day SMA reached $58.40. Nevertheless, trading volume fell to 1.38 million shares from 1.76 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 51.54, which, if violated, would cause prices to drop to 50.97. In the upper region, resistance lies at 53.14. The next price resistance is at 54.17. RSI (Relative Strength Index) is 38.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.49, which suggests the price will decrease in the coming days. Percent R is at 84.36%, 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 Jan 11, 2024 dropping by -0.98 million shares to 1.93 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2023 was 2.91 million shares. A decline of -50.78% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.4 of the overall float, the days-to-cover ratio (short ratio) decline to 1.4.

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