Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. KVH Industries, Inc. shares valued at $11,817 were sold by BRUUN BRENT C on Jun 11 ’24. At $4.88 per share, BRUUN BRENT C sold 2,424 shares. The insider’s holdings dropped to 189,795 shares worth approximately $0.85 million following the completion of this transaction.
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Also, FEINGOLD FELISE sold 1,639 shares, netting a total of over 8,211 in proceeds. Following the sale of shares at $5.01 each, the insider now holds 80,765 shares.
Before that, BRUUN BRENT C had sold 1,509 shares from its account. In a trade valued at $7,587, the CEO traded KVH Industries, Inc. shares for $5.03 each. Upon closing the transaction, the insider’s holdings decreased to 1,509 shares, worth approximately $0.86 million.
As published in a research note from Raymond James on December 08, 2022, KVH Industries, Inc. [KVHI] has been rated down from a Strong buy to a Mkt perform. Analysts at Raymond James upgraded the stock from ‘”an Outperform”‘ to ‘”a Strong buy”‘ outlook in a report released in early November. As of June 22, 2021, Needham has initiated its “Buy” rating for KVHI. Earlier on May 03, 2019, Needham resumed its rating. Their recommendation was “a Buy” for KVHI stock.
Analyzing KVHI Stock Performance
During the last five days, there has been a drop of approximately -7.99%. Over the course of the year, KVH Industries, Inc. shares have dropped approximately -14.64%. Shares of the company reached a 52-week high of $5.49 on 04/12/24 and a 52-week low of $4.34 on 07/01/24. A 50-day SMA is recorded $4.93, while a 200-day SMA reached $4.94. Nevertheless, trading volume fell to 65867.0 shares from 0.11 million shares the previous day.
Support And Resistance Levels for KVH Industries, Inc. (KVHI)
According to the 24-hour chart, there is a support level at 4.43, which, if violated, would cause prices to drop to 4.37. In the upper region, resistance lies at 4.51. The next price resistance is at 4.53. RSI (Relative Strength Index) is 40.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.25, which suggests the price will decrease in the coming days. Percent R is at 83.72%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
