Kellanova Co’s recent filing unveils that its 10% Owner KELLOGG W K FOUNDATION TRUST unloaded Company’s shares for reported $9.29 million on Nov 14 ’24. In the deal valued at $81.04 per share,114,583 shares were sold. As a result of this transaction, KELLOGG W K FOUNDATION TRUST now holds 49,451,608 shares worth roughly $3.99 billion.
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Then, KELLOGG W K FOUNDATION TRUST bought 458,332 shares, generating $37,072,734 in total proceeds.
Before that, KELLOGG W K FOUNDATION TRUST sold 114,583 shares. Kellanova Co shares valued at $9,268,183 were divested by the 10% Owner at a price of $80.89 per share. As a result of the transaction, KELLOGG W K FOUNDATION TRUST now holds 49,566,191 shares, worth roughly $4.0 billion.
Exane BNP Paribas downgraded its Kellanova Co [K] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Argus’s analysts, who decreased its forecast for the stock in early October from “a Buy” to “a Hold”. DA Davidson also remained covering K and has decreased its forecast on August 26, 2024 with a “Neutral” recommendation from previously “Buy” rating. RBC Capital Mkts revised its rating on August 15, 2024. It rated K as “a Sector perform” which previously was an “an Outperform”.
Price Performance Review of K
On Monday, Kellanova Co [NYSE:K] saw its stock jump 0.04% to $80.60. Over the last five days, the stock has lost -0.62%. Kellanova Co shares have risen nearly 44.16% since the year began. Nevertheless, the stocks have risen 54.41% over the past one year. While a 52-week high of $81.34 was reached on 11/12/24, a 52-week low of $51.02 was recorded on 03/14/24. SMA at 50 days reached $80.72, while 200 days put it at $65.94.
Levels Of Support And Resistance For K Stock
The 24-hour chart illustrates a support level at 80.44, which if violated will result in even more drops to 80.28. On the upside, there is a resistance level at 80.80. A further resistance level may holdings at 81.00. The Relative Strength Index (RSI) on the 14-day chart is 47.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.72%. Stochastics %K at 27.24% indicates the stock is a holding.
How much short interest is there in Kellanova Co?
A steep rise in short interest was recorded in Kellanova Co stocks on 2024-10-31, dropping by -0.47 million shares to a total of 5.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.52 million shares. There was a decline of -9.31%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 12, 2024 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $75 price target.
