KB Home’s recent filing unveils that its EVP, Real Estate & Bus. Dev. PRAW ALBERT Z unloaded Company’s shares for reported $1.45 million on Nov 14 ’24. In the deal valued at $79.18 per share,18,324 shares were sold. As a result of this transaction, PRAW ALBERT Z now holds 117,188 shares worth roughly $7.67 million.
Then, PRAW ALBERT Z bought 18,324 shares, generating $1,506,232 in total proceeds.
Before that, Kaminski Jeff sold 27,500 shares. KB Home shares valued at $2,183,500 were divested by the EVP & Chief Financial Officer at a price of $79.40 per share. As a result of the transaction, Kaminski Jeff now holds 34,473 shares, worth roughly $2.26 million.
Barclays downgraded its KB Home [KBH] rating to an Equal weight from a an Overweight in a research note published on December 11, 2024; the price target was decreased to $85 from $99. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early October from “an Equal weight” to “an Underweight”. RBC Capital Mkts also remained covering KBH and has decreased its forecast on September 05, 2024 with a “an Underperform” recommendation from previously “Sector perform” rating. Seaport Research Partners revised its rating on August 05, 2024. It rated KBH as “a Sell” which previously was an “a Neutral”.
Price Performance Review of KBH
On Friday, KB Home [NYSE:KBH] saw its stock jump 1.27% to $65.46. Over the last five days, the stock has lost -1.22%. KB Home shares have fallen nearly -0.40% since the year began. Nevertheless, the stocks have risen 8.54% over the past one year. While a 52-week high of $89.70 was reached on 01/02/25, a 52-week low of $58.05 was recorded on 01/02/25. SMA at 50 days reached $75.95, while 200 days put it at $75.14.
Levels Of Support And Resistance For KBH Stock
The 24-hour chart illustrates a support level at 64.85, which if violated will result in even more drops to 64.25. On the upside, there is a resistance level at 66.02. A further resistance level may holdings at 66.58. The Relative Strength Index (RSI) on the 14-day chart is 27.12, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.92%. Stochastics %K at 8.98% 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 2024-12-13, dropping by -0.71 million shares to a total of 5.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 6.31 million shares. There was a decline of -12.6%, which implies that there is a negative sentiment for the stock.
