Kontoor Brands Inc’s recently made public that its Former Officer Waldeck Christopher acquired Company’s shares for reported $0.44 million on Aug 13 ’24. In the deal valued at $71.03 per share,6,205 shares were bought.
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Then, Waldeck Christopher bought 1,500 shares, generating $106,607 in total proceeds.
Before that, Waldeck Christopher bought 9,100 shares. Kontoor Brands Inc shares valued at $637,000 were divested by the Former Officer at a price of $70.00 per share.
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 jump 1.29% to $70.74. Over the last five days, the stock has gained 3.09%. Kontoor Brands Inc shares have risen nearly 13.33% since the year began. Nevertheless, the stocks have risen 49.08% over the past one year. While a 52-week high of $74.90 was reached on 06/05/24, a 52-week low of $39.90 was recorded on 04/12/24. SMA at 50 days reached $68.53, while 200 days put it at $61.53.
Levels Of Support And Resistance For KTB Stock
The 24-hour chart illustrates a support level at 69.86, which if violated will result in even more drops to 68.99. On the upside, there is a resistance level at 71.43. A further resistance level may holdings at 72.13. The Relative Strength Index (RSI) on the 14-day chart is 56.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.97%. Stochastics%K at 65.01% indicates the stock is a holding.
How much short interest is there in Kontoor Brands Inc?
A steep rise in short interest was recorded in Kontoor Brands Inc stocks on
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.
