KB Home’s filing revealed that its EVP & Chief Financial Officer Kaminski Jeff unloaded Company’s shares for reported $2.56 million on Apr 09 ’24. In the deal valued at $66.56 per share,38,386 shares were sold. As a result of this transaction, Kaminski Jeff now holds 34,473 shares worth roughly $2.21 million.
Then, PRAW ALBERT Z sold 32,528 shares, generating $1,976,401 in total proceeds. Upon selling the shares at $60.76, the EVP, Real Estate & Bus. Dev. now owns 135,512 shares.
Before that, McGibney Robert V. sold 14,781 shares. KB Home shares valued at $899,572 were divested by the President and COO at a price of $60.86 per share. As a result of the transaction, McGibney Robert V. now holds 26,008 shares, worth roughly $1.67 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 fall -1.10% to $64.10. Over the last five days, the stock has lost -4.84%. KB Home shares have risen nearly 2.63% since the year began. Nevertheless, the stocks have risen 64.11% over the past one year. While a 52-week high of $72.00 was reached on 03/21/24, a 52-week low of $38.65 was recorded on 01/24/24. SMA at 50 days reached $65.56, while 200 days put it at $55.76. A total of 0.7 million shares were traded, compared to the trading of 0.78 million shares in the previous session.
Levels Of Support And Resistance For KBH Stock
The 24-hour chart illustrates a support level at 63.63, which if violated will result in even more drops to 63.16. On the upside, there is a resistance level at 64.44. A further resistance level may holdings at 64.78. The Relative Strength Index (RSI) on the 14-day chart is 41.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.71%. Stochastics %K at 14.53% indicates the stock is a buying.
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.
