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 $1,942,020 were sold by Adelman Jonah on Jun 03 ’24. At $21.58 per share, Adelman Jonah sold 90,000 shares. The insider’s holdings dropped to 44,348 shares worth approximately $0.9 million following the completion of this transaction.
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Also, Lund Deanna H sold 6,000 shares, netting a total of over 131,460 in proceeds. Following the sale of shares at $21.91 each, the insider now holds 303,909 shares.
Before that, Boyd Bradley L had sold 1,720 shares from its account. In a trade valued at $37,212, the Director traded Kratos Defense & Security Solutions Inc shares for $21.64 each. Upon closing the transaction, the insider’s holdings decreased to 1,720 shares, worth approximately $66256.0.
As published in their initiating research note from JMP Securities on May 28, 2024, Kratos Defense & Security Solutions Inc [KTOS] has been a Mkt outperform and the price target has been revised to $27. Analysts at Raymond James upgraded the stock from ‘”an Outperform”‘ to ‘”a Strong buy”‘ outlook in a report released in late April. As of July 20, 2023, Raymond James has initiated its “an Outperform” rating for KTOS. Earlier on February 24, 2023, Canaccord Genuity 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 drop of approximately -0.20%. Over the course of the year, Kratos Defense & Security Solutions Inc shares have dropped approximately -0.44%. Shares of the company reached a 52-week high of $22.77 on 05/28/24 and a 52-week low of $16.71 on 02/01/24. A 50-day SMA is recorded $19.63, while a 200-day SMA reached $18.28. Nevertheless, trading volume fell to 1.02 million shares from 1.11 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 19.76, which, if violated, would cause prices to drop to 19.33. In the upper region, resistance lies at 20.43. The next price resistance is at 20.67. RSI (Relative Strength Index) is 48.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.78, which suggests the price will decrease in the coming days. Percent R is at 65.96%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
