Kellanova Co’s recently made public that its 10% Owner KELLOGG W K FOUNDATION TRUST unloaded Company’s shares for reported $4.31 million on Apr 15 ’24. In the deal valued at $55.35 per share,77,800 shares were sold. As a result of this transaction, KELLOGG W K FOUNDATION TRUST now holds 51,997,838 shares worth roughly $2.88 billion.
Then, KELLOGG W K FOUNDATION TRUST sold 77,800 shares, generating $4,470,162 in total proceeds. Upon selling the shares at $57.46, the 10% Owner now owns 52,075,638 shares.
Before that, KELLOGG W K FOUNDATION TRUST sold 77,800 shares. Kellanova Co shares valued at $4,461,029 were divested by the 10% Owner at a price of $57.34 per share. As a result of the transaction, KELLOGG W K FOUNDATION TRUST now holds 52,153,438 shares, worth roughly $2.89 billion.
DA Davidson initiated its Kellanova Co [K] rating to a Buy in a research note published on March 01, 2024; the price target was $67. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early February with a ‘”a Neutral”‘ rating. Wells Fargo began covering K with “an Equal weight” recommendation on December 12, 2023. Barclays revised its rating on November 09, 2023. It rated K as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of K
On Monday, Kellanova Co [NYSE:K] saw its stock fall -0.04% to $55.40. Over the last five days, the stock has lost -3.62%. Kellanova Co shares have fallen nearly -0.91% since the year began. Nevertheless, the stocks have fallen -12.98% over the past one year. While a 52-week high of $67.84 was reached on 01/03/24, a 52-week low of $47.62 was recorded on 03/14/24. SMA at 50 days reached $55.36, while 200 days put it at $57.01. A total of 1.66 million shares were traded, compared to the trading of 2.94 million shares in the previous session.
Levels Of Support And Resistance For K Stock
The 24-hour chart illustrates a support level at 55.02, which if violated will result in even more drops to 54.64. On the upside, there is a resistance level at 55.89. A further resistance level may holdings at 56.37. The Relative Strength Index (RSI) on the 14-day chart is 45.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.95%. Stochastics %K at 19.09% indicates the stock is a buying.
