Kontoor Brands Inc’s recently made public that its Former Officer Waldeck Christopher acquired Company’s shares for reported $1.54 million on Aug 15 ’24. In the deal valued at $71.59 per share,21,496 shares were bought.
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Then, Waldeck Christopher bought 6,205 shares, generating $440,757 in total proceeds.
Before that, Waldeck Christopher bought 1,500 shares. Kontoor Brands Inc shares valued at $106,607 were divested by the Former Officer at a price of $71.07 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 fall -1.46% to $71.05. Over the last five days, the stock has lost -3.18%. Kontoor Brands Inc shares have risen nearly 13.83% since the year began. Nevertheless, the stocks have risen 61.99% over the past one year. While a 52-week high of $75.17 was reached on 08/30/24, a 52-week low of $39.90 was recorded on 04/12/24. SMA at 50 days reached $69.60, while 200 days put it at $63.73.
Levels Of Support And Resistance For KTB Stock
The 24-hour chart illustrates a support level at 70.32, which if violated will result in even more drops to 69.60. On the upside, there is a resistance level at 71.70. A further resistance level may holdings at 72.36. The Relative Strength Index (RSI) on the 14-day chart is 47.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.74%. Stochastics %K at 27.74% 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 2024-08-15, dropping by 22591.0 shares to a total of 3.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 3.61 million shares. There was a decline of -0.63%, which implies that there is a negative sentiment for the stock.
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.
