Kellanova Co’s filing revealed that its 10% Owner KELLOGG W K FOUNDATION TRUST unloaded Company’s shares for reported $4.45 million on Jul 29 ’24. In the deal valued at $57.23 per share,77,800 shares were sold. As a result of this transaction, KELLOGG W K FOUNDATION TRUST now holds 50,908,638 shares worth roughly $2.91 billion.
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Then, KELLOGG W K FOUNDATION TRUST sold 77,800 shares, generating $4,486,384 in total proceeds. Upon selling the shares at $57.67, the 10% Owner now owns 50,986,438 shares.
Before that, KELLOGG W K FOUNDATION TRUST sold 77,800 shares. Kellanova Co shares valued at $4,371,932 were divested by the 10% Owner at a price of $56.19 per share. As a result of the transaction, KELLOGG W K FOUNDATION TRUST now holds 51,064,238 shares, worth roughly $2.92 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 -0.59% to $57.13. Over the last five days, the stock has lost -0.83%. Kellanova Co shares have risen nearly 2.18% since the year began. Nevertheless, the stocks have fallen -9.30% over the past one year. While a 52-week high of $63.63 was reached on 05/02/24, a 52-week low of $47.62 was recorded on 03/14/24. SMA at 50 days reached $58.55, while 200 days put it at $55.75. A total of 1.87 million shares were traded, compared to the trading of 1.81 million shares in the previous session.
Levels Of Support And Resistance For K Stock
The 24-hour chart illustrates a support level at 56.75, which if violated will result in even more drops to 56.37. On the upside, there is a resistance level at 57.49. A further resistance level may holdings at 57.85. The Relative Strength Index (RSI) on the 14-day chart is 46.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.08%. Stochastics%K at 36.38% indicates the stock is a holding.
