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 a research note from Stifel on October 25, 2024, Kraft Heinz Co [KHC] has been rated down from a Buy to a Hold and the price target has been revised to $38 from $40. Analysts at Goldman started covering the stock with ‘”a Sell”‘ outlook in a report released in mid August. As of May 22, 2024, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for KHC. Earlier on February 01, 2024, Citigroup initiated its rating. Their recommendation was “a Buy” for KHC stock.
Analyzing KHC Stock Performance
During the last five days, there has been a drop of approximately -4.99%. Over the course of the year, Kraft Heinz Co shares have dropped approximately -8.79%. 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 $35.24, while a 200-day SMA reached $35.28. Nevertheless, trading volume fell to 14.14 million shares from 7.67 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 33.21, which, if violated, would cause prices to drop to 32.68. In the upper region, resistance lies at 34.08. The next price resistance is at 34.42. RSI (Relative Strength Index) is 33.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.74, which suggests the price will decrease in the coming days. Percent R is at 78.66%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
