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Recent Insider Activity Suggests Potential Gains for Kraft Heinz Co (KHC)

Kraft Heinz Co’s filing revealed that its Former Officer La Lande Rashida acquired Company’s shares for reported $0.52 million on Aug 14 ’24. In the deal valued at $34.65 per share,15,000 shares were bought.

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Then, Onell Cory sold 4,076 shares, generating $146,736 in total proceeds. Upon selling the shares at $36.00, the Chief Omnich Sales & AEM Ofcr now owns 143,970 shares.

Before that, Onell Cory bought 4,076 shares. Kraft Heinz Co shares valued at $146,736 were divested by the Officer at a price of $36.00 per share.

Goldman initiated its Kraft Heinz Co [KHC] rating to a Sell in a research note published on August 12, 2024; the price target was $34. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in late May from “a Neutral” to “an Overweight”. Citigroup began covering KHC with “Buy” recommendation on February 01, 2024. Evercore ISI revised its rating on December 11, 2023. It rated KHC as “an Outperform” which previously was an “an In-line”.

Price Performance Review of KHC

On Friday, Kraft Heinz Co [NASDAQ:KHC] saw its stock jump 1.26% to $34.62. Over the last five days, the stock has lost -1.84%. Kraft Heinz Co shares have fallen nearly -6.38% since the year began. Nevertheless, the stocks have risen 3.16% over the past one year. While a 52-week high of $38.96 was reached on 04/25/24, a 52-week low of $30.68 was recorded on 07/11/24. SMA at 50 days reached $33.37, while 200 days put it at $35.36.

Levels Of Support And Resistance For KHC Stock

The 24-hour chart illustrates a support level at 34.16, which if violated will result in even more drops to 33.69. On the upside, there is a resistance level at 34.96. A further resistance level may holdings at 35.29. The Relative Strength Index (RSI) on the 14-day chart is 54.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.75%. Stochastics%K at 39.52% indicates the stock is a holding.

How much short interest is there in Kraft Heinz Co?

A steep rise in short interest was recorded in Kraft Heinz Co stocks on 2024-07-31, growing by 1.08 million shares to a total of 28.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 27.19 million shares. There was a rise of 3.82%, which implies that there is a positive sentiment for the stock.

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