Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kellanova Co shares valued at $9,238,300 were sold by KELLOGG W K FOUNDATION TRUST on Oct 14 ’24. At $80.63 per share, KELLOGG W K FOUNDATION TRUST sold 114,583 shares. The insider’s holdings dropped to 49,909,940 shares worth approximately $4.04 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 9,231,391 in proceeds. Following the sale of shares at $80.57 each, the insider now holds 50,024,523 shares.
Before that, KELLOGG W K FOUNDATION TRUST had added 458,332 shares to its account. In a trade valued at $36,925,563, the Owner of approximately 20% of bought Kellanova Co shares for $80.57 each.
As published in a research note from Argus on October 02, 2024, Kellanova Co [K] has been rated down from a Buy to a Hold. Analysts at DA Davidson downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late August. As of August 15, 2024, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for K. Earlier on August 12, 2024, Goldman initiated its rating. Their recommendation was “a Neutral” for K stock.
Analyzing K Stock Performance
During the last five days, there has been a surge of approximately 0.60%. Over the course of the year, Kellanova Co shares have jumped approximately 44.91%. Shares of the company reached a 52-week high of $81.21 on 10/16/24 and a 52-week low of $52.46 on 03/14/24. A 50-day SMA is recorded $80.05, while a 200-day SMA reached $63.11. Nevertheless, trading volume fell to 1.21 million shares from 0.81 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 80.91, which, if violated, would cause prices to drop to 80.80. In the upper region, resistance lies at 81.13. The next price resistance is at 81.23. RSI (Relative Strength Index) is 75.53 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.31, which suggests the price will decrease in the coming days. Percent R is at 26.24%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
