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A company insider recently sold 3,500 shares of Kratos Defense & Security Solutions Inc [KTOS]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kratos Defense & Security Solutions Inc shares valued at $70,669 were sold by Carrai Phillip D on May 15 ’24. At $20.19 per share, Carrai Phillip D sold 3,500 shares. The insider’s holdings dropped to 286,587 shares worth approximately $6.08 million following the completion of this transaction.

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Also, Mendoza Marie sold 1,500 shares, netting a total of over 30,295 in proceeds. Following the sale of shares at $20.20 each, the insider now holds 65,515 shares.

Before that, Lund Deanna H had sold 6,000 shares from its account. In a trade valued at $120,000, the EVP & CFO traded Kratos Defense & Security Solutions Inc shares for $20.00 each. Upon closing the transaction, the insider’s holdings decreased to 6,000 shares, worth approximately $6.57 million.

As published in a research note from Raymond James on April 26, 2024, Kratos Defense & Security Solutions Inc [KTOS] has been rated up from an Outperform to a Strong buy and the price target has been revised to $27 from $20. Analysts at Raymond James started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid July. As of February 24, 2023, Canaccord Genuity has increased its “Hold” rating to a “Buy” for KTOS. Earlier on November 04, 2022, Canaccord Genuity downgraded its rating. Their new recommendation was “a Hold” for KTOS stock which previously was a “a Buy”.

Analyzing KTOS Stock Performance

During the last five days, there has been a surge of approximately 2.96%. Over the course of the year, Kratos Defense & Security Solutions Inc shares have jumped approximately 4.48%. Shares of the company reached a 52-week high of $22.04 on 05/21/24 and a 52-week low of $16.71 on 02/01/24. A 50-day SMA is recorded $18.58, while a 200-day SMA reached $17.84. Nevertheless, trading volume fell to 0.99 million shares from 0.94 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 20.98, which, if violated, would cause prices to drop to 20.75. In the upper region, resistance lies at 21.54. The next price resistance is at 21.87. RSI (Relative Strength Index) is 66.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.10, which suggests the price will increase in the coming days. Percent R is at 24.05%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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