Kraft Heinz Co’s recently made public 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.
Stifel downgraded its Kraft Heinz Co [KHC] rating to a Hold from a a Buy in a research note published on October 25, 2024; the price target was decreased to $38 from $40. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in mid August with a ‘”a Sell”‘ rating. Piper Sandler also remained covering KHC and has increased its forecast on May 22, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Citigroup started covering the stock on February 01, 2024. It rated KHC as “a Buy”.
Price Performance Review of KHC
On Friday, Kraft Heinz Co [NASDAQ:KHC] saw its stock fall -0.83% to $34.74. Over the last five days, the stock has lost -3.50%. Kraft Heinz Co shares have fallen nearly -6.06% since the year began. Nevertheless, the stocks have risen 8.29% over the past one year. While a 52-week high of $38.96 was reached on 04/25/24, a 52-week low of $31.08 was recorded on 07/11/24. SMA at 50 days reached $35.27, while 200 days put it at $35.32.
Levels Of Support And Resistance For KHC Stock
The 24-hour chart illustrates a support level at 34.53, which if violated will result in even more drops to 34.32. On the upside, there is a resistance level at 35.02. A further resistance level may holdings at 35.30. The Relative Strength Index (RSI) on the 14-day chart is 42.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.36%. Stochastics %K at 43.62% 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 2024-10-15, growing by 2.22 million shares to a total of 33.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 31.54 million shares. There was a rise of 6.58%, which implies that there is a positive sentiment for the stock.
