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 $3.24 million.
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 Friday, Kontoor Brands Inc [NYSE:KTB] saw its stock fall -2.00% to $86.17. Over the last five days, the stock has gained 2.91%. Kontoor Brands Inc shares have risen nearly 0.89% since the year began. Nevertheless, the stocks have risen 37.83% over the past one year. While a 52-week high of $96.80 was reached on 01/30/25, a 52-week low of $52.95 was recorded on 02/12/25. SMA at 50 days reached $87.35, while 200 days put it at $78.52.
Levels Of Support And Resistance For KTB Stock
The 24-hour chart illustrates a support level at 85.41, which if violated will result in even more drops to 84.65. On the upside, there is a resistance level at 87.68. A further resistance level may holdings at 89.19. The Relative Strength Index (RSI) on the 14-day chart is 47.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.90, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 42.84%. Stochastics %K at 64.52% indicates the stock is a holding.
