Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kontoor Brands Inc shares valued at $816,028 were sold by Broyles Jennifer H. on Nov 20 ’24. At $89.97 per share, Broyles Jennifer H. sold 9,070 shares. The insider’s holdings dropped to 37,546 shares worth approximately $3.36 million following the completion of this transaction.
Also, Broyles Jennifer H. sold 4,768 shares, netting a total of over 428,977 in proceeds. Following the sale of shares at $89.97 each, the insider now holds 0 shares.
Before that, Broyles Jennifer H. had added 4,768 shares to its account. In a trade valued at $428,977, the Member of immediate family of bought Kontoor Brands Inc shares for $89.97 each.
As published in a research note from Stifel on November 01, 2024, Kontoor Brands Inc [KTB] has been rated down from a Buy to a Hold and the price target has been revised to $93 from $89. Analysts at Edward Jones downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late January. As of November 06, 2023, Barclays has increased its “an Equal weight” rating to a “an Overweight” for KTB. Earlier on October 19, 2023, Goldman upgraded its rating. Their new recommendation was “a Buy” for KTB stock which previously was a “a Neutral”.
Analyzing KTB Stock Performance
During the last five days, there has been a surge of approximately 11.22%. Over the course of the year, Kontoor Brands Inc shares have jumped approximately 4.82%. Shares of the company reached a 52-week high of $96.80 on 01/30/25 and a 52-week low of $78.59 on 02/12/25. A 50-day SMA is recorded $87.42, while a 200-day SMA reached $78.30. Nevertheless, trading volume fell to 1.32 million shares from 1.67 million shares the previous day.
Support And Resistance Levels for Kontoor Brands Inc (KTB)
According to the 24-hour chart, there is a support level at 88.20, which, if violated, would cause prices to drop to 86.86. In the upper region, resistance lies at 91.36. The next price resistance is at 93.18. RSI (Relative Strength Index) is 55.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.90, which suggests the price will increase in the coming days. Percent R is at 34.06%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
