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. Kratos Defense & Security Solutions Inc shares valued at $124,584 were sold by Fendley Steven S. on Mar 25 ’24. At $17.80 per share, Fendley Steven S. sold 7,000 shares. The insider’s holdings dropped to 419,821 shares worth approximately $7.65 million following the completion of this transaction.
Also, Carrai Phillip D sold 3,500 shares, netting a total of over 60,883 in proceeds. Following the sale of shares at $17.40 each, the insider now holds 292,944 shares.
Before that, Mendoza Marie had sold 1,038 shares from its account. In a trade valued at $17,864, the SVP & General Counsel traded Kratos Defense & Security Solutions Inc shares for $17.21 each. Upon closing the transaction, the insider’s holdings decreased to 1,038 shares, worth approximately $1.24 million.
As published in their initiating research note from Raymond James on July 20, 2023, Kratos Defense & Security Solutions Inc [KTOS] has been an Outperform and the price target has been revised to $17. Analysts at Canaccord Genuity upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late February. As of November 04, 2022, Canaccord Genuity has decreased its “Buy” rating to a “Hold” for KTOS. Earlier on May 26, 2022, Truist upgraded its rating. Their new recommendation was “a Buy” for KTOS stock which previously was a “a Hold”.
Analyzing KTOS Stock Performance
During the last five days, there has been a surge of approximately 3.34%. Over the course of the year, Kratos Defense & Security Solutions Inc shares have dropped approximately -10.15%. Shares of the company reached a 52-week high of $21.60 on 02/14/24 and a 52-week low of $16.71 on 02/01/24. A 50-day SMA is recorded $18.18, while a 200-day SMA reached $17.14. Nevertheless, trading volume fell to 1.24 million shares from 1.09 million shares the previous day.
Support And Resistance Levels for Kratos Defense & Security Solutions Inc (KTOS)
According to the 24-hour chart, there is a support level at 17.81, which, if violated, would cause prices to drop to 17.40. In the upper region, resistance lies at 18.53. The next price resistance is at 18.84. RSI (Relative Strength Index) is 52.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.17, which suggests the price will decrease in the coming days. Percent R is at 39.76%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Kratos Defense & Security Solutions Inc subject to short interest?
Stocks of Kratos Defense & Security Solutions Inc saw a sharp steep in short interest on Mar 28, 2024 dropping by -0.65 million shares to 2.3 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 2.95 million shares. A decline of -28.26% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.92 of the overall float, the days-to-cover ratio (short ratio) decline to 1.92.
