Kontoor Brands Inc’s filing revealed that its EVP, GC, & Secretary Doerr Thomas L Jr unloaded Company’s shares for reported $0.73 million on Nov 01 ’24. In the deal valued at $80.71 per share,9,039 shares were sold. As a result of this transaction, Doerr Thomas L Jr now holds 18,179 shares worth roughly $1.53 million.
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Then, Doerr Thomas L Jr bought 9,039 shares, generating $729,549 in total proceeds.
Before that, Waldeck Christopher bought 21,496 shares. Kontoor Brands Inc shares valued at $1,538,855 were divested by the Former Officer at a price of $71.59 per share.
Stifel downgraded its Kontoor Brands Inc [KTB] rating to a Hold from a a Buy in a research note published on November 01, 2024; the price target was increased to $93 from $89. A number of analysts have revised their coverage, including Edward Jones’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Hold”. Barclays also remained covering KTB and has increased its forecast on November 06, 2023 with a “an Overweight” recommendation from previously “an Equal weight” rating. Goldman revised its rating on October 19, 2023. It rated KTB as “a Buy” which previously was an “a Neutral”.
Price Performance Review of KTB
On Monday, Kontoor Brands Inc [NYSE:KTB] saw its stock jump 3.18% to $84.25. Over the last five days, the stock has gained 8.61%. Kontoor Brands Inc shares have risen nearly 34.97% since the year began. Nevertheless, the stocks have risen 76.85% over the past one year. While a 52-week high of $89.76 was reached on 10/31/24, a 52-week low of $39.90 was recorded on 04/12/24. SMA at 50 days reached $78.00, while 200 days put it at $67.94.
Levels Of Support And Resistance For KTB Stock
The 24-hour chart illustrates a support level at 81.70, which if violated will result in even more drops to 79.15. On the upside, there is a resistance level at 85.66. A further resistance level may holdings at 87.06. The Relative Strength Index (RSI) on the 14-day chart is 59.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 40.97%. Stochastics %K at 56.01% indicates the stock is a holding.
How much short interest is there in Kontoor Brands Inc?
A steep rise in short interest was recorded in Kontoor Brands Inc stocks on 2024-10-15, growing by 0.11 million shares to a total of 3.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.74 million shares. There was a rise of 2.82%, which implies that there is a positive sentiment for the stock.
