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KBR Inc [KBR] stock for 2,329,488 USD was sold by Ibrahim Jalal

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. KBR Inc shares valued at $2,329,488 were sold by Ibrahim Jalal on Aug 19 ’24. At $66.56 per share, Ibrahim Jalal sold 35,000 shares. The insider’s holdings dropped to 106,550 shares worth approximately $6.77 million following the completion of this transaction.

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Also, JALAL IBRAHIM purchased 35,000 shares, netting a total of over 2,329,488 in proceeds.

Before that, GALINDO SONIA had sold 4,660 shares from its account. In a trade valued at $307,560, the EVP, Gen. Counsel & Corp. Sec. traded KBR Inc shares for $66.00 each. Upon closing the transaction, the insider’s holdings decreased to 4,660 shares, worth approximately $1.36 million.

As published in a research note from TD Cowen on September 06, 2024, KBR Inc [KBR] has been rated down from a Buy to a Hold and the price target has been revised to $72.

Analyzing KBR Stock Performance

During the last five days, there has been a surge of approximately 3.20%. Over the course of the year, KBR Inc shares have jumped approximately 14.71%. Shares of the company reached a 52-week high of $69.50 on 09/03/24 and a 52-week low of $51.60 on 01/25/24. A 50-day SMA is recorded $65.38, while a 200-day SMA reached $61.38. Nevertheless, trading volume fell to 0.93 million shares from 0.77 million shares the previous day.

Support And Resistance Levels for KBR Inc (KBR)

According to the 24-hour chart, there is a support level at 62.88, which, if violated, would cause prices to drop to 62.20. In the upper region, resistance lies at 63.92. The next price resistance is at 64.28. RSI (Relative Strength Index) is 46.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.87, which suggests the price will decrease in the coming days. Percent R is at 60.43%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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