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. KB Home shares valued at $1,553,638 were sold by PRAW ALBERT Z on May 10 ’24. At $70.11 per share, PRAW ALBERT Z sold 22,160 shares. The insider’s holdings dropped to 135,512 shares worth approximately $10.82 million following the completion of this transaction.
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Also, Gilligan Thomas W. sold 3,914 shares, netting a total of over 275,859 in proceeds. Following the sale of shares at $70.48 each, the insider now holds 48,217 shares.
Before that, Kaminski Jeff had sold 38,386 shares from its account. In a trade valued at $2,555,150, the EVP & Chief Financial Officer traded KB Home shares for $66.56 each. Upon closing the transaction, the insider’s holdings decreased to 38,386 shares, worth approximately $2.75 million.
As published in a research note from Wells Fargo on October 07, 2024, KB Home [KBH] has been rated down from an Equal weight to an Underweight and the price target has been revised to $83 from $80. Analysts at RBC Capital Mkts downgraded the stock from ‘”a Sector perform”‘ to ‘”an Underperform”‘ outlook in a report released in early September. As of August 05, 2024, Seaport Research Partners has decreased its “Neutral” rating to a “Sell” for KBH. Earlier on January 11, 2024, Seaport Research Partners downgraded its rating. Their new recommendation was “a Neutral” for KBH stock which previously was a “a Buy”.
Analyzing KBH Stock Performance
During the last five days, there has been a drop of approximately -4.53%. Over the course of the year, KB Home shares have jumped approximately 27.78%. Shares of the company reached a 52-week high of $89.70 on 09/19/24 and a 52-week low of $58.05 on 01/24/24. A 50-day SMA is recorded $82.45, while a 200-day SMA reached $71.17. Nevertheless, trading volume fell to 1.05 million shares from 0.62 million shares the previous day.
Support And Resistance Levels for KB Home (KBH)
According to the 24-hour chart, there is a support level at 79.09, which, if violated, would cause prices to drop to 78.36. In the upper region, resistance lies at 80.52. The next price resistance is at 81.22. RSI (Relative Strength Index) is 40.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.05, which suggests the price will decrease in the coming days. Percent R is at 91.38%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
