Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. KB Home shares valued at $1,976,401 were sold by PRAW ALBERT Z on Feb 14 ’24. At $60.76 per share, PRAW ALBERT Z sold 32,528 shares. The insider’s holdings dropped to 135,512 shares worth approximately $8.64 million following the completion of this transaction.
Also, McGibney Robert V. sold 14,781 shares, netting a total of over 899,572 in proceeds. Following the sale of shares at $60.86 each, the insider now holds 26,008 shares.
Before that, Gabriel Stuart A had sold 12,500 shares from its account. In a trade valued at $762,500, the Director traded KB Home shares for $61.00 each. Upon closing the transaction, the insider’s holdings decreased to 12,500 shares, worth approximately $2.25 million.
As published in a research note from Seaport Research Partners on January 11, 2024, KB Home [KBH] has been rated down from a Buy to a Neutral. Analysts at Deutsche Bank downgraded the stock from ‘”a Hold”‘ to ‘”a Sell”‘ outlook in a report released in early December. As of November 20, 2023, Wedbush has decreased its “an Outperform” rating to a “Neutral” for KBH. Earlier on November 02, 2023, Seaport Research Partners upgraded its rating. Their new recommendation was “a Buy” for KBH stock which previously was a “a Neutral”.
Analyzing KBH Stock Performance
During the last five days, there has been a drop of approximately -6.50%. Over the course of the year, KB Home shares have jumped approximately 2.07%. Shares of the company reached a 52-week high of $72.00 on 03/21/24 and a 52-week low of $58.05 on 01/24/24. A 50-day SMA is recorded $65.38, while a 200-day SMA reached $55.64. Nevertheless, trading volume fell to 1.24 million shares from 0.94 million shares the previous day.
Support And Resistance Levels for KB Home (KBH)
According to the 24-hour chart, there is a support level at 62.90, which, if violated, would cause prices to drop to 62.05. In the upper region, resistance lies at 64.66. The next price resistance is at 65.57. RSI (Relative Strength Index) is 39.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.17, which suggests the price will decrease in the coming days. Percent R is at 91.26%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is KB Home subject to short interest?
Stocks of KB Home saw a sharp steep in short interest on Mar 28, 2024 dropping by -1.35 million shares to 4.68 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 6.03 million shares. A decline of -28.85% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.65 of the overall float, the days-to-cover ratio (short ratio) decline to 3.65.
