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Monitoring Kellanova Co (K) after recent insider movements

Kellanova Co’s filing revealed that its 10% Owner KELLOGG W K FOUNDATION TRUST unloaded Company’s shares for reported $9.28 million on Nov 21 ’24. In the deal valued at $80.99 per share,114,583 shares were sold. As a result of this transaction, KELLOGG W K FOUNDATION TRUST now holds 49,337,025 shares worth roughly $4.0 billion.

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Then, KELLOGG W K FOUNDATION TRUST sold 114,583 shares, generating $9,286,356 in total proceeds. Upon selling the shares at $81.04, the 10% Owner now owns 49,451,608 shares.

Before that, KELLOGG W K FOUNDATION TRUST bought 458,332 shares. Kellanova Co shares valued at $37,072,734 were divested by the Owner of approximately 20% of at a price of $80.89 per share.

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 fall -0.07% to $81.11. Over the last five days, the stock has gained 0.63%. Kellanova Co shares have risen nearly 45.07% since the year began. Nevertheless, the stocks have risen 51.69% 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 $80.78, while 200 days put it at $66.61.

Levels Of Support And Resistance For K Stock

The 24-hour chart illustrates a support level at 80.89, which if violated will result in even more drops to 80.66. On the upside, there is a resistance level at 81.25. A further resistance level may holdings at 81.38. The Relative Strength Index (RSI) on the 14-day chart is 58.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.71%. Stochastics %K at 75.26% 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.

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