Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Kratos Defense & Security Solutions Inc shares valued at $147,659 were sold by Fendley Steven S. on Jun 24 ’24. At $21.09 per share, Fendley Steven S. sold 7,000 shares. The insider’s holdings dropped to 384,160 shares worth approximately $7.67 million following the completion of this transaction.
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Also, ANDERSON SCOTT I sold 11,000 shares, netting a total of over 215,056 in proceeds. Following the sale of shares at $19.55 each, the insider now holds 101,735 shares.
Before that, Carrai Phillip D had sold 3,500 shares from its account. In a trade valued at $68,180, the President, STC Division traded Kratos Defense & Security Solutions Inc shares for $19.48 each. Upon closing the transaction, the insider’s holdings decreased to 3,500 shares, worth approximately $5.65 million.
As published in their initiating research note from BTIG Research on June 26, 2024, Kratos Defense & Security Solutions Inc [KTOS] has been a Neutral. Analysts at JMP Securities started covering the stock with ‘”a Mkt outperform”‘ outlook in a report released in late May. As of April 26, 2024, Raymond James has increased its “an Outperform” rating to a “Strong buy” for KTOS. Earlier on July 20, 2023, Raymond James initiated its rating. Their recommendation was “an Outperform” for KTOS stock.
Analyzing KTOS Stock Performance
During the last five days, there has been a drop of approximately -0.94%. Over the course of the year, Kratos Defense & Security Solutions Inc shares have dropped approximately -1.58%. 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 $19.89, while a 200-day SMA reached $18.43. Nevertheless, trading volume fell to 0.57 million shares from 0.9 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 19.74, which, if violated, would cause prices to drop to 19.52. In the upper region, resistance lies at 20.12. The next price resistance is at 20.28. RSI (Relative Strength Index) is 45.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.21, which suggests the price will decrease in the coming days. Percent R is at 66.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
