Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Kratos Defense & Security Solutions Inc shares valued at $60,575 were sold by Mendoza Marie on Oct 01 ’24. At $25.00 per share, Mendoza Marie sold 2,423 shares. The insider’s holdings dropped to 59,453 shares worth approximately $1.5 million following the completion of this transaction.
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Also, Rock Stacey G sold 4,000 shares, netting a total of over 94,695 in proceeds. Following the sale of shares at $23.67 each, the insider now holds 55,029 shares.
Before that, Lund Deanna H had sold 6,000 shares from its account. In a trade valued at $142,072, the EVP & CFO traded Kratos Defense & Security Solutions Inc shares for $23.68 each. Upon closing the transaction, the insider’s holdings decreased to 6,000 shares, worth approximately $7.04 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 8.58%. Over the course of the year, Kratos Defense & Security Solutions Inc shares have jumped approximately 24.10%. Shares of the company reached a 52-week high of $25.51 on 10/02/24 and a 52-week low of $16.71 on 02/01/24. A 50-day SMA is recorded $22.02, while a 200-day SMA reached $19.93. Nevertheless, trading volume fell to 1.23 million shares from 1.67 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 24.95, which, if violated, would cause prices to drop to 24.71. In the upper region, resistance lies at 25.40. The next price resistance is at 25.61. RSI (Relative Strength Index) is 70.70 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.64, which suggests the price will increase in the coming days. Percent R is at 8.84%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
