Krispy Kreme Inc’s filing revealed that its Chief Accounting Officer McBride Kelly P unloaded Company’s shares for reported $0.2 million on Sep 16 ’24. In the deal valued at $12.13 per share,16,488 shares were sold. As a result of this transaction, McBride Kelly P now holds 62,080 shares worth roughly $0.67 million.
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Then, McBride Kelly P bought 16,488 shares, generating $199,999 in total proceeds.
Before that, Tattersfield Michael J. sold 100,000 shares. Krispy Kreme Inc shares valued at $1,282,090 were divested by the Director at a price of $12.82 per share. As a result of the transaction, Tattersfield Michael J. now holds 2,936,940 shares, worth roughly $31.81 million.
HSBC Securities also remained covering DNUT and has increased its forecast on July 23, 2024 with a “Buy” recommendation from previously “Hold” rating. Truist revised its rating on June 10, 2024. It rated DNUT as “a Buy” which previously was an “a Hold”.
Price Performance Review of DNUT
On Tuesday, Krispy Kreme Inc [NASDAQ:DNUT] saw its stock jump 0.56% to $10.83. Over the last five days, the stock has lost -4.24%. Krispy Kreme Inc shares have fallen nearly -28.23% since the year began. Nevertheless, the stocks have fallen -16.95% over the past one year. While a 52-week high of $17.84 was reached on 03/26/24, a 52-week low of $9.18 was recorded on 08/07/24. SMA at 50 days reached $11.36, while 200 days put it at $11.83.
Levels Of Support And Resistance For DNUT Stock
The 24-hour chart illustrates a support level at 10.68, which if violated will result in even more drops to 10.53. On the upside, there is a resistance level at 10.92. A further resistance level may holdings at 11.01. The Relative Strength Index (RSI) on the 14-day chart is 41.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.37%. Stochastics %K at 6.94% indicates the stock is a buying.
How much short interest is there in Krispy Kreme Inc?
A steep rise in short interest was recorded in Krispy Kreme Inc stocks on 2024-10-31, dropping by -3.19 million shares to a total of 16.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 19.64 million shares. There was a decline of -19.39%, which implies that there is a negative sentiment for the stock.
