KB Home’s filing revealed that its EVP, Real Estate & Bus. Dev. PRAW ALBERT Z unloaded Company’s shares for reported $1.55 million on May 10 ’24. In the deal valued at $70.11 per share,22,160 shares were sold. As a result of this transaction, PRAW ALBERT Z now holds 135,512 shares worth roughly $-11.0 million.
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Then, Gilligan Thomas W. sold 3,914 shares, generating $275,859 in total proceeds. Upon selling the shares at $70.48, the Director now owns 48,217 shares.
Before that, Kaminski Jeff sold 38,386 shares. KB Home shares valued at $2,555,150 were divested by the EVP & Chief Financial Officer at a price of $66.56 per share. As a result of the transaction, Kaminski Jeff now holds 34,473 shares, worth roughly $2.8 million.
Wells Fargo downgraded its KB Home [KBH] rating to an Underweight from a an Equal weight in a research note published on October 07, 2024; the price target was increased to $83 from $80. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in early September from “a Sector perform” to “an Underperform”. Seaport Research Partners also remained covering KBH and has decreased its forecast on August 05, 2024 with a “Sell” recommendation from previously “Neutral” rating. Seaport Research Partners revised its rating on January 11, 2024. It rated KBH as “a Neutral” which previously was an “a Buy”.
Price Performance Review of KBH
On Monday, KB Home [NYSE:KBH] saw its stock jump 1.87% to $81.21. Over the last five days, the stock has gained 1.55%. KB Home shares have risen nearly 30.02% since the year began. Nevertheless, the stocks have risen 88.03% over the past one year. While a 52-week high of $89.70 was reached on 09/19/24, a 52-week low of $42.11 was recorded on 01/24/24. SMA at 50 days reached $82.39, while 200 days put it at $71.34.
Levels Of Support And Resistance For KBH Stock
The 24-hour chart illustrates a support level at 79.81, which if violated will result in even more drops to 78.40. On the upside, there is a resistance level at 81.97. A further resistance level may holdings at 82.73. The Relative Strength Index (RSI) on the 14-day chart is 45.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.50%. Stochastics %K at 15.45% indicates the stock is a buying.
How much short interest is there in KB Home?
A steep rise in short interest was recorded in KB Home stocks on 2024-09-30, dropping by -0.87 million shares to a total of 6.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.02 million shares. There was a decline of -14.11%, which implies that there is a negative sentiment for the stock.
