Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. KB Home shares valued at $2,555,150 were sold by Kaminski Jeff on Apr 09 ’24. At $66.56 per share, Kaminski Jeff sold 38,386 shares. The insider’s holdings dropped to 34,473 shares worth approximately $2.39 million following the completion of this transaction.
Also, PRAW ALBERT Z sold 32,528 shares, netting a total of over 1,976,401 in proceeds. Following the sale of shares at $60.76 each, the insider now holds 135,512 shares.
Before that, McGibney Robert V. had sold 14,781 shares from its account. In a trade valued at $899,572, the President and COO traded KB Home shares for $60.86 each. Upon closing the transaction, the insider’s holdings decreased to 14,781 shares, worth approximately $1.8 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 surge of approximately 5.68%. Over the course of the year, KB Home shares have jumped approximately 11.06%. 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 $66.82, while a 200-day SMA reached $56.93. Nevertheless, trading volume fell to 1.78 million shares from 0.98 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 68.64, which, if violated, would cause prices to drop to 67.91. In the upper region, resistance lies at 69.79. The next price resistance is at 70.20. RSI (Relative Strength Index) is 61.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.68, which suggests the price will increase in the coming days. Percent R is at 12.40%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
