KB Home (KBH): Puzzling Price Reaction

The stock of KB Home (NYSE:KBH) has been Initiated to Buy by Seaport Global Securities in its latest research note that was published on August 23. KBH was given a price target of $37, with other Wall Street analysts also giving their reports regarding the stock. SunTrust, analysts launched coverage of KBH stock with a Buy rating, according to their flash note to investors on August 13. Analysts at Evercore ISI issued an upgrade fromIn-line to Outperform for the stock, in a research note that dated back to July 17.

KB Home, which has current market capitalization of above $3 Billion, published its last quarter earnings on May 31, 2019.

KBH surged by $1.03 during the normal trading session on Thursday and reaching a high of $30.63 during the day while it closed the day at $30.35. The KB stock had a high trading volume of 1.85 million shares on that day, which is high compared to the average daily volume of 1.63M shares. KBH has also gained 5.93% of its value over the past 7 days. However, the stock has surged by 14.66% in the 3 months of the year. Over the past six months meanwhile, it has gained 28.33% while it has added 58.90% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -0.91% from its 3 months high price. However, taking another look at KBH will indicate that it is trading +30.26% away from its 90-day low. Looking at the bigger picture, the KB Home stock has dropped by -0.91% from its 52-week high while it has surged by +80.44% from its 52-week low price.

On September 06, 2019 Woram Brian J, EVP and General Counsel sold 40000 shares of the company. The average price for that transaction was $29.03 per share, which meant that Woram Brian J earned $1161200 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with EVP and General Counsel, Woram Brian J selling 10000 shares of this stock on August 20, 2019. The average selling price for the stock was $28.02 per share, with the sold stock accruing $280200. Following this transaction, the EVP and General Counsel Woram Brian J now holds 151770 shares of the company, which is worth around $4492392.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 95.07%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 93.27%. Over the past 20 days, KB’s Stochastic %K stood at 91.53% while its Stochastic %D was revealed to be 90.52%.