Kontoor Brands Inc’s recently made public that its EVP, Global Brands President Broyles Jennifer H. unloaded Company’s shares for reported $0.82 million on Nov 20 ’24. In the deal valued at $89.97 per share,9,070 shares were sold. As a result of this transaction, Broyles Jennifer H. now holds 37,546 shares worth roughly $3.29 million.
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Then, Broyles Jennifer H. sold 4,768 shares, generating $428,977 in total proceeds. Upon selling the shares at $89.97, the EVP, Global Brands President now owns 0 shares.
Before that, Broyles Jennifer H. bought 4,768 shares. Kontoor Brands Inc shares valued at $428,977 were divested by the Member of immediate family of at a price of $89.97 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 Tuesday, Kontoor Brands Inc [NYSE:KTB] saw its stock fall -2.65% to $87.57. Over the last five days, the stock has lost -0.97%. Kontoor Brands Inc shares have risen nearly 40.29% since the year began. Nevertheless, the stocks have risen 49.00% over the past one year. While a 52-week high of $94.82 was reached on 12/02/24, a 52-week low of $52.95 was recorded on 04/12/24. SMA at 50 days reached $86.26, while 200 days put it at $72.35.
Levels Of Support And Resistance For KTB Stock
The 24-hour chart illustrates a support level at 86.36, which if violated will result in even more drops to 85.14. On the upside, there is a resistance level at 89.48. A further resistance level may holdings at 91.39. The Relative Strength Index (RSI) on the 14-day chart is 45.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.13%. Stochastics %K at 27.58% 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 2024-11-29, dropping by -0.36 million shares to a total of 3.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.82 million shares. There was a decline of -10.58%, which implies that there is a negative sentiment for the stock.
