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An Analysis of Kratos Defense & Security Solutions Inc (KTOS)’s Potential Price Growth

Kratos Defense & Security Solutions Inc’s filing revealed that its President, US Division Fendley Steven S. unloaded Company’s shares for reported $0.15 million on Jun 24 ’24. In the deal valued at $21.09 per share,7,000 shares were sold. As a result of this transaction, Fendley Steven S. now holds 384,160 shares worth roughly $7.58 million.

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Then, ANDERSON SCOTT I sold 11,000 shares, generating $215,056 in total proceeds. Upon selling the shares at $19.55, the Director now owns 101,735 shares.

Before that, Carrai Phillip D sold 3,500 shares. Kratos Defense & Security Solutions Inc shares valued at $68,180 were divested by the President, STC Division at a price of $19.48 per share. As a result of the transaction, Carrai Phillip D now holds 283,093 shares, worth roughly $5.59 million.

BTIG Research initiated its Kratos Defense & Security Solutions Inc [KTOS] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including JMP Securities’s analysts, who began to cover the stock in late May with a ‘”a Mkt outperform”‘ rating. Raymond James also remained covering KTOS and has increased its forecast on April 26, 2024 with a “Strong buy” recommendation from previously “an Outperform” rating. Raymond James started covering the stock on July 20, 2023. It rated KTOS as “an Outperform”.

Price Performance Review of KTOS

On Monday, Kratos Defense & Security Solutions Inc [NASDAQ:KTOS] saw its stock fall -1.35% to $19.74. Over the last five days, the stock has lost -3.61%. Kratos Defense & Security Solutions Inc shares have fallen nearly -2.71% since the year began. Nevertheless, the stocks have risen 34.93% over the past one year. While a 52-week high of $22.77 was reached on 05/28/24, a 52-week low of $13.13 was recorded on 02/01/24. SMA at 50 days reached $19.98, while 200 days put it at $18.48. A total of 0.92 million shares were traded, compared to the trading of 4.16 million shares in the previous session.

Levels Of Support And Resistance For KTOS Stock

The 24-hour chart illustrates a support level at 19.49, which if violated will result in even more drops to 19.23. On the upside, there is a resistance level at 20.05. A further resistance level may holdings at 20.35. The Relative Strength Index (RSI) on the 14-day chart is 42.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.13%. Stochastics%K at 30.34% indicates the stock is a holding.

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