Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Kellanova Co shares valued at $9,241,669 were sold by KELLOGG W K FOUNDATION TRUST on Sep 16 ’24. At $80.65 per share, KELLOGG W K FOUNDATION TRUST sold 114,583 shares. The insider’s holdings dropped to 50,368,272 shares worth approximately $4.06 billion following the completion of this transaction.
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Also, KELLOGG W K FOUNDATION TRUST sold 114,583 shares, netting a total of over 9,195,377 in proceeds. Following the sale of shares at $80.25 each, the insider now holds 50,482,855 shares.
Before that, KELLOGG W K FOUNDATION TRUST had added 458,332 shares to its account. In a trade valued at $36,781,510, the Owner of approximately 20% of bought Kellanova Co shares for $80.25 each.
As published in a research note from DA Davidson on August 26, 2024, Kellanova Co [K] has been rated down from a Buy to a Neutral and the price target has been revised to $83.50 from $80. Analysts at RBC Capital Mkts downgraded the stock from ‘”an Outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in mid August. As of August 12, 2024, Goldman has initiated its “Neutral” rating for K. Earlier on August 05, 2024, RBC Capital Mkts upgraded its rating. Their new recommendation was “an Outperform” for K stock which previously was a “a Sector perform”.
Analyzing K Stock Performance
During the last five days, there has been a surge of approximately 0.49%. Over the course of the year, Kellanova Co shares have jumped approximately 44.25%. Shares of the company reached a 52-week high of $80.97 on 08/26/24 and a 52-week low of $52.46 on 03/14/24. A 50-day SMA is recorded $71.89, while a 200-day SMA reached $60.49. Nevertheless, trading volume fell to 1.79 million shares from 2.46 million shares the previous day.
Support And Resistance Levels for Kellanova Co (K)
According to the 24-hour chart, there is a support level at 80.55, which, if violated, would cause prices to drop to 80.46. In the upper region, resistance lies at 80.73. The next price resistance is at 80.82. RSI (Relative Strength Index) is 79.90 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.30, which suggests the price will decrease in the coming days. Percent R is at 24.76%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
