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. Kontoor Brands Inc shares valued at $1,538,855 were purchased by Waldeck Christopher on Aug 15 ’24. At $71.59 per share, Waldeck Christopher acquired 21,496 shares.
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Also, Waldeck Christopher purchased 6,205 shares, netting a total of over 440,757 in proceeds.
Before that, Waldeck Christopher had added 1,500 shares to its account. In a trade valued at $106,607, the Former Officer bought Kontoor Brands Inc shares for $71.07 each.
As published in a research note from Edward Jones on January 26, 2024, Kontoor Brands Inc [KTB] has been rated down from a Buy to a Hold. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early November. As of October 19, 2023, Goldman has increased its “Neutral” rating to a “Buy” for KTB. Earlier on March 01, 2023, Stifel upgraded its rating. Their new recommendation was “a Buy” for KTB stock which previously was a “a Hold”.
Analyzing KTB Stock Performance
During the last five days, there has been a drop of approximately -3.80%. Over the course of the year, Kontoor Brands Inc shares have jumped approximately 25.30%. Shares of the company reached a 52-week high of $83.50 on 09/27/24 and a 52-week low of $52.95 on 04/12/24. A 50-day SMA is recorded $73.57, while a 200-day SMA reached $65.68. Nevertheless, trading volume fell to 0.54 million shares from 0.35 million shares the previous day.
Support And Resistance Levels for Kontoor Brands Inc (KTB)
According to the 24-hour chart, there is a support level at 77.24, which, if violated, would cause prices to drop to 76.27. In the upper region, resistance lies at 79.34. The next price resistance is at 80.47. RSI (Relative Strength Index) is 55.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.79, which suggests the price will decrease in the coming days. Percent R is at 62.13%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
