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Kontoor Brands Inc [KTB] Sumner Susan Denise sells 5,156 Shares for $0.38 million

Kontoor Brands Inc’s recently made public that its VP & Chief Accounting Officer Sumner Susan Denise unloaded Company’s shares for reported $0.38 million on May 31 ’24. In the deal valued at $73.71 per share,5,156 shares were sold. As a result of this transaction, Sumner Susan Denise now holds 10,223 shares worth roughly $0.65 million.

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Then, Baxter Scott H sold 25,332 shares, generating $1,825,095 in total proceeds. Upon selling the shares at $72.05, the Chair, President and CEO now owns 318,188 shares.

Before that, Sumner Susan Denise sold 4,713 shares. Kontoor Brands Inc shares valued at $341,042 were divested by the VP & Chief Accounting Officer at a price of $72.36 per share. As a result of the transaction, Sumner Susan Denise now holds 15,379 shares, worth roughly $0.98 million.

Edward Jones downgraded its Kontoor Brands Inc [KTB] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in early November from “an Equal weight” to “an Overweight”. Goldman also remained covering KTB and has increased its forecast on October 19, 2023 with a “Buy” recommendation from previously “Neutral” rating. Stifel revised its rating on March 01, 2023. It rated KTB as “a Buy” which previously was an “a Hold”.

Price Performance Review of KTB

On Tuesday, Kontoor Brands Inc [NYSE:KTB] saw its stock fall -2.50% to $64.00. Over the last five days, the stock has lost -1.34%. Kontoor Brands Inc shares have risen nearly 2.53% since the year began. Nevertheless, the stocks have risen 72.09% over the past one year. While a 52-week high of $74.90 was reached on 06/05/24, a 52-week low of $37.10 was recorded on 04/12/24. SMA at 50 days reached $68.54, while 200 days put it at $58.49. A total of 0.48 million shares were traded, compared to the trading of 0.43 million shares in the previous session.

Levels Of Support And Resistance For KTB Stock

The 24-hour chart illustrates a support level at 63.26, which if violated will result in even more drops to 62.52. On the upside, there is a resistance level at 65.15. A further resistance level may holdings at 66.30. The Relative Strength Index (RSI) on the 14-day chart is 34.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.60%. Stochastics%K at 32.07% indicates the stock is a holding.

The most recent change occurred on July 11, 2022 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $40 price target.

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