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.
Deutsche Bank downgraded its Kraft Heinz Co [KHC] rating to a Hold from a a Buy in a research note published on October 31, 2024; the price target was decreased to $35 from $39. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Hold”. Goldman began covering KHC with “Sell” recommendation on August 12, 2024. Piper Sandler revised its rating on May 22, 2024. It rated KHC as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of KHC
On Friday, Kraft Heinz Co [NASDAQ:KHC] saw its stock jump 0.09% to $33.49. Over the last five days, the stock has lost -3.60%. Kraft Heinz Co shares have fallen nearly -9.44% since the year began. Nevertheless, the stocks have risen 4.01% over the past one year. While a 52-week high of $38.96 was reached on 04/25/24, a 52-week low of $31.10 was recorded on 07/11/24. SMA at 50 days reached $35.16, while 200 days put it at $35.24.
Levels Of Support And Resistance For KHC Stock
The 24-hour chart illustrates a support level at 33.33, which if violated will result in even more drops to 33.18. On the upside, there is a resistance level at 33.63. A further resistance level may holdings at 33.78. The Relative Strength Index (RSI) on the 14-day chart is 32.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.98%. Stochastics %K at 16.16% indicates the stock is a buying.
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.
The most recent change occurred on February 01, 2024 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $43 price target.
