In a filing, Kraft Heinz Co revealed 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 $5.39 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.
Piper Sandler downgraded its Kraft Heinz Co [KHC] rating to a Neutral from a an Overweight in a research note published on November 19, 2024; the price target was decreased to $35 from $40. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Hold”. Stifel also remained covering KHC and has decreased its forecast on October 25, 2024 with a “Hold” recommendation from previously “Buy” rating. Goldman started covering the stock on August 12, 2024. It rated KHC as “a Sell”.
Price Performance Review of KHC
On Monday, Kraft Heinz Co [NASDAQ:KHC] saw its stock jump 0.66% to $32.02. Over the last five days, the stock has gained 3.06%. Kraft Heinz Co shares have fallen nearly -13.41% since the year began. Nevertheless, the stocks have fallen -8.36% 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 $34.01, while 200 days put it at $34.84.
Levels Of Support And Resistance For KHC Stock
The 24-hour chart illustrates a support level at 31.79, which if violated will result in even more drops to 31.56. On the upside, there is a resistance level at 32.37. A further resistance level may holdings at 32.72. The Relative Strength Index (RSI) on the 14-day chart is 41.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.98%. Stochastics %K at 33.70% indicates the stock is a holding.
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.
