The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Kratos Defense & Security Solutions Inc shares valued at $158,767 were purchased by Fendley Steven S. on Jul 29 ’24. At $22.68 per share, Fendley Steven S. acquired 7,000 shares.
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Also, Fendley Steven S. sold 7,000 shares, netting a total of over 158,767 in proceeds. Following the sale of shares at $22.68 each, the insider now holds 377,322 shares.
Before that, ANDERSON SCOTT I had sold 11,000 shares from its account. In a trade valued at $239,632, the Director traded Kratos Defense & Security Solutions Inc shares for $21.78 each. Upon closing the transaction, the insider’s holdings decreased to 11,000 shares, worth approximately $2.05 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 surge of approximately 3.39%. Over the course of the year, Kratos Defense & Security Solutions Inc shares have jumped approximately 11.09%. Shares of the company reached a 52-week high of $22.96 on 07/31/24 and a 52-week low of $16.71 on 02/01/24. A 50-day SMA is recorded $21.05, while a 200-day SMA reached $19.14. Nevertheless, trading volume fell to 0.75 million shares from 1.07 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 22.21, which, if violated, would cause prices to drop to 21.89. In the upper region, resistance lies at 22.91. The next price resistance is at 23.29. RSI (Relative Strength Index) is 61.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.59, which suggests the price will decrease in the coming days. Percent R is at 19.53%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
