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KBH (KB Home) may reap gains as insiders became active recently

KB Home’s recent filing unveils that its Director Gilligan Thomas W. unloaded Company’s shares for reported $0.28 million on May 09 ’24. In the deal valued at $70.48 per share,3,914 shares were sold. As a result of this transaction, Gilligan Thomas W. now holds 48,217 shares worth roughly $3.38 million.

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Then, Kaminski Jeff sold 38,386 shares, generating $2,555,150 in total proceeds. Upon selling the shares at $66.56, the EVP & Chief Financial Officer now owns 34,473 shares.

Before that, PRAW ALBERT Z sold 32,528 shares. KB Home shares valued at $1,976,401 were divested by the EVP, Real Estate & Bus. Dev. at a price of $60.76 per share. As a result of the transaction, PRAW ALBERT Z now holds 135,512 shares, worth roughly $9.5 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 -0.20% to $70.14. Over the last five days, the stock has gained 1.98%. KB Home shares have risen nearly 12.30% since the year began. Nevertheless, the stocks have risen 54.36% over the past one year. While a 52-week high of $72.00 was reached on 03/21/24, a 52-week low of $42.11 was recorded on 01/24/24. SMA at 50 days reached $67.02, while 200 days put it at $57.09. A total of 0.69 million shares were traded, compared to the trading of 1.3 million shares in the previous session.

Levels Of Support And Resistance For KBH Stock

The 24-hour chart illustrates a support level at 69.84, which if violated will result in even more drops to 69.54. On the upside, there is a resistance level at 70.49. A further resistance level may holdings at 70.83. The Relative Strength Index (RSI) on the 14-day chart is 63.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.35%. Stochastics %K at 93.02% indicates the stock is a selling.

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.

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