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. Kraft Heinz Co shares valued at $519,788 were purchased by La Lande Rashida on Aug 14 ’24. At $34.65 per share, La Lande Rashida acquired 15,000 shares.
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Also, Onell Cory sold 4,076 shares, netting a total of over 146,736 in proceeds. Following the sale of shares at $36.00 each, the insider now holds 143,970 shares.
Before that, Onell Cory had added 4,076 shares to its account. In a trade valued at $146,736, the Officer bought Kraft Heinz Co shares for $36.00 each.
As published in their initiating research note from Goldman on August 12, 2024, Kraft Heinz Co [KHC] has been a Sell and the price target has been revised to $34. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in late May. As of February 01, 2024, Citigroup has initiated its “Buy” rating for KHC. Earlier on December 11, 2023, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for KHC stock which previously was a “an In-line”.
Analyzing KHC Stock Performance
During the last five days, there has been a surge of approximately 3.29%. Over the course of the year, Kraft Heinz Co shares have dropped approximately -3.16%. Shares of the company reached a 52-week high of $38.96 on 04/25/24 and a 52-week low of $31.58 on 07/11/24. A 50-day SMA is recorded $35.15, while a 200-day SMA reached $35.41. Nevertheless, trading volume fell to 5.0 million shares from 5.58 million shares the previous day.
Support And Resistance Levels for Kraft Heinz Co (KHC)
According to the 24-hour chart, there is a support level at 35.62, which, if violated, would cause prices to drop to 35.42. In the upper region, resistance lies at 35.95. The next price resistance is at 36.08. RSI (Relative Strength Index) is 62.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.66, which suggests the price will decrease in the coming days. Percent R is at 19.16%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
