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KLG Shares Experience Surge in Value

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. WK Kellogg Co shares valued at $14,640 were purchased by MURGUIA RAMON on Feb 28 ’24. At $14.64 per share, MURGUIA RAMON acquired 1,000 shares. The insider’s holdings grew to 10,860 shares worth approximately $0.26 million following the completion of this transaction.

Also, Brice Sherry purchased 3,150 shares, netting a total of over 37,019 in proceeds. Following the buying of shares at $11.75 each, the insider now holds 9,335 shares.

Before that, Brice Sherry had added 5,580 shares to its account. In a trade valued at $60,077, the Chief Supply Chain Officer bought WK Kellogg Co shares for $10.77 each. Upon closing the transaction, the insider’s holdings increased to 5,580 shares, worth approximately $0.15 million.

As published in their initiating research note from Morgan Stanley on December 14, 2023, WK Kellogg Co [KLG] has been an Equal-weight and the price target has been revised to $13. Analysts at Evercore ISI started covering the stock with ‘”an In-line”‘ outlook in a report released in mid November. As of November 06, 2023, Barclays has initiated its “an Underweight” rating for KLG. Earlier on November 02, 2023, JP Morgan initiated its rating. Their recommendation was “a Neutral” for KLG stock.

Analyzing KLG Stock Performance

During the last five days, there has been a drop of approximately -1.37%. Over the course of the year, WK Kellogg Co shares have jumped approximately 81.13%. Nevertheless, trading volume fell to 1.01 million shares from 1.02 million shares the previous day.

Support And Resistance Levels for WK Kellogg Co (KLG)

According to the 24-hour chart, there is a support level at 23.01, which, if violated, would cause prices to drop to 22.23. In the upper region, resistance lies at 24.33. The next price resistance is at 24.87. RSI (Relative Strength Index) is 71.79 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.97, which suggests the price will decrease in the coming days. Percent R is at 19.26%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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