Kraft Heinz Co’s recently made public that its EVP & Pres. North America Navio Pedro F P unloaded Company’s shares for reported $1.51 million on Nov 05 ’24. In the deal valued at $33.45 per share,45,000 shares were sold. As a result of this transaction, Navio Pedro F P now holds 168,195 shares worth roughly $5.23 million.
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Then, PEDRO FRANCISCO PREZENCO NAVIO bought 45,000 shares, generating $1,505,362 in total proceeds.
Before that, La Lande Rashida bought 15,000 shares. Kraft Heinz Co shares valued at $519,788 were divested by the Former Officer at a price of $34.65 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 Monday, Kraft Heinz Co [NASDAQ:KHC] saw its stock fall -0.22% to $31.07. Over the last five days, the stock has lost -4.49%. Kraft Heinz Co shares have fallen nearly -15.98% since the year began. Nevertheless, the stocks have fallen -8.10% over the past one year. While a 52-week high of $38.96 was reached on 04/25/24, a 52-week low of $30.40 was recorded on 11/15/24. SMA at 50 days reached $34.43, while 200 days put it at $34.97.
Levels Of Support And Resistance For KHC Stock
The 24-hour chart illustrates a support level at 30.87, which if violated will result in even more drops to 30.67. On the upside, there is a resistance level at 31.33. A further resistance level may holdings at 31.60. The Relative Strength Index (RSI) on the 14-day chart is 20.55, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.79%. Stochastics %K at 11.79% 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 2024-10-31, growing by 2.64 million shares to a total of 37.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 35.01 million shares. There was a rise of 7.02%, 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.
