KB Home’s filing revealed that its EVP, Real Estate & Bus. Dev. PRAW ALBERT Z unloaded Company’s shares for reported $1.98 million on Feb 14 ’24. In the deal valued at $60.76 per share,32,528 shares were sold. As a result of this transaction, PRAW ALBERT Z now holds 135,512 shares worth roughly $9.13 million.
Then, McGibney Robert V. sold 14,781 shares, generating $899,572 in total proceeds. Upon selling the shares at $60.86, the President and COO now owns 26,008 shares.
Before that, Gabriel Stuart A sold 12,500 shares. KB Home shares valued at $762,500 were divested by the Director at a price of $61.00 per share. As a result of the transaction, Gabriel Stuart A now holds 35,292 shares, worth roughly $2.38 million.
Seaport Research Partners downgraded its KB Home [KBH] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in early December from “a Hold” to “a Sell”. Wedbush also remained covering KBH and has decreased its forecast on November 20, 2023 with a “Neutral” recommendation from previously “an Outperform” rating. Seaport Research Partners revised its rating on November 02, 2023. It rated KBH as “a Buy” which previously was an “a Neutral”.
Price Performance Review of KBH
On Friday, KB Home [NYSE:KBH] saw its stock jump 1.42% to $67.36. Over the last five days, the stock has lost -4.97%. KB Home shares have risen nearly 7.85% since the year began. Nevertheless, the stocks have risen 67.06% over the past one year. While a 52-week high of $72.00 was reached on 03/21/24, a 52-week low of $38.26 was recorded on 01/24/24. SMA at 50 days reached $65.03, while 200 days put it at $55.43. A total of 0.82 million shares were traded, compared to the trading of 1.12 million shares in the previous session.
Levels Of Support And Resistance For KBH Stock
The 24-hour chart illustrates a support level at 66.56, which if violated will result in even more drops to 65.76. On the upside, there is a resistance level at 67.91. A further resistance level may holdings at 68.46. The Relative Strength Index (RSI) on the 14-day chart is 49.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.32%. Stochastics %K at 23.94% indicates the stock is a holding.
How much short interest is there in KB Home?
A steep rise in short interest was recorded in KB Home stocks on Mar 15, 2024, dropping by -1.19 million shares to a total of 4.71 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 5.9 million shares. There was a decline of -25.27%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 9.80% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.21.
The most recent change occurred on October 17, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $49 price target.
