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 $1,450,894 were sold by PRAW ALBERT Z on Nov 14 ’24. At $79.18 per share, PRAW ALBERT Z sold 18,324 shares. The insider’s holdings dropped to 117,188 shares worth approximately $8.71 million following the completion of this transaction.
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Also, PRAW ALBERT Z purchased 18,324 shares, netting a total of over 1,506,232 in proceeds.
Before that, Kaminski Jeff had sold 27,500 shares from its account. In a trade valued at $2,183,500, the EVP & Chief Financial Officer traded KB Home shares for $79.40 each. Upon closing the transaction, the insider’s holdings decreased to 27,500 shares, worth approximately $2.56 million.
As published in a research note from Barclays on December 11, 2024, KB Home [KBH] has been rated down from an Overweight to an Equal weight and the price target has been revised to $85 from $99. Analysts at Wells Fargo downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in early October. As of September 05, 2024, RBC Capital Mkts has decreased its “Sector perform” rating to a “an Underperform” for KBH. Earlier on August 05, 2024, Seaport Research Partners downgraded its rating. Their new recommendation was “a Sell” for KBH stock which previously was a “a Neutral”.
Analyzing KBH Stock Performance
During the last five days, there has been a drop of approximately -6.75%. Over the course of the year, KB Home shares have jumped approximately 18.97%. 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 $80.26, while a 200-day SMA reached $75.18. Nevertheless, trading volume fell to 1.39 million shares from 0.84 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 73.23, which, if violated, would cause prices to drop to 72.15. In the upper region, resistance lies at 76.36. The next price resistance is at 78.41. RSI (Relative Strength Index) is 34.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.29, which suggests the price will decrease in the coming days. Percent R is at 99.04%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
