Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kraft Heinz Co shares valued at $1,505,362 were sold by Navio Pedro F P on Nov 05 ’24. At $33.45 per share, Navio Pedro F P sold 45,000 shares. The insider’s holdings dropped to 168,195 shares worth approximately $5.35 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, PEDRO FRANCISCO PREZENCO NAVIO purchased 45,000 shares, netting a total of over 1,505,362 in proceeds.
Before that, La Lande Rashida had added 15,000 shares to its account. In a trade valued at $519,788, the Former Officer bought Kraft Heinz Co shares for $34.65 each.
As published in a research note from Deutsche Bank on October 31, 2024, Kraft Heinz Co [KHC] has been rated down from a Buy to a Hold and the price target has been revised to $35 from $39. Analysts at Stifel downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late October. As of August 12, 2024, Goldman has initiated its “Sell” rating for KHC. Earlier on May 22, 2024, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for KHC stock which previously was a “a Neutral”.
Analyzing KHC Stock Performance
During the last five days, there has been a drop of approximately -3.14%. Over the course of the year, Kraft Heinz Co shares have dropped approximately -14.03%. 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 $34.62, while a 200-day SMA reached $35.04. Nevertheless, trading volume fell to 11.01 million shares from 7.69 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 31.56, which, if violated, would cause prices to drop to 31.34. In the upper region, resistance lies at 32.20. The next price resistance is at 32.61. RSI (Relative Strength Index) is 24.41 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.25, which suggests the price will decrease in the coming days. Percent R is at 98.69%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
