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 $168,074 were sold by Fendley Steven S. on Oct 28 ’24. At $24.01 per share, Fendley Steven S. sold 7,000 shares. The insider’s holdings dropped to 356,414 shares worth approximately $8.41 million following the completion of this transaction.
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Also, Fendley Steven S. purchased 7,000 shares, netting a total of over 168,073 in proceeds.
Before that, MILLS THOMAS E IV had sold 6,603 shares from its account. In a trade valued at $164,314, the President, C5ISR Division traded Kratos Defense & Security Solutions Inc shares for $24.88 each. Upon closing the transaction, the insider’s holdings decreased to 6,603 shares, worth approximately $0.56 million.
As published in a research note from B. Riley Securities on October 30, 2024, Kratos Defense & Security Solutions Inc [KTOS] has been rated down from a Buy to a Neutral and the price target has been revised to $26 from $24. Analysts at BTIG Research started covering the stock with ‘”a Neutral”‘ outlook in a report released in late June. As of May 28, 2024, JMP Securities has initiated its “Mkt outperform” rating for KTOS. Earlier on April 26, 2024, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for KTOS stock which previously was a “an Outperform”.
Analyzing KTOS Stock Performance
During the last five days, there has been a drop of approximately -1.75%. Over the course of the year, Kratos Defense & Security Solutions Inc shares have jumped approximately 16.26%. Shares of the company reached a 52-week high of $25.91 on 10/17/24 and a 52-week low of $16.71 on 02/01/24. A 50-day SMA is recorded $23.42, while a 200-day SMA reached $20.42. Nevertheless, trading volume fell to 1.24 million shares from 0.42 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 23.19, which, if violated, would cause prices to drop to 22.79. In the upper region, resistance lies at 24.12. The next price resistance is at 24.64. RSI (Relative Strength Index) is 43.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.61, which suggests the price will decrease in the coming days. Percent R is at 89.58%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
