WK Kellogg Co’s recent filing unveils that its Director Gund G Zachary acquired Company’s shares for reported $0.95 million on Nov 15 ’24. In the deal valued at $17.20 per share,55,000 shares were bought. As a result of this transaction, Gund G Zachary now holds 250,000 shares worth roughly $5.03 million.
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Then, Gund G Zachary bought 65,000 shares, generating $1,165,801 in total proceeds. Upon buying the shares at $17.94, the Director now owns 65,000 shares.
Before that, Gund G Zachary bought 65,000 shares. WK Kellogg Co shares valued at $1,154,101 were divested by the Director at a price of $17.76 per share. As a result of the transaction, Gund G Zachary now holds 195,000 shares, worth roughly $3.92 million.
BofA Securities downgraded its WK Kellogg Co [KLG] rating to an Underperform from a a Neutral in a research note published on July 10, 2024; the price target was decreased to $17 from $24. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who decreased its forecast for the stock in early May from “a Neutral” to “an Underperform”. Morgan Stanley began covering KLG with “an Equal-weight” recommendation on December 14, 2023. Evercore ISI started covering the stock on November 13, 2023. It rated KLG as “an In-line”.
Price Performance Review of KLG
On Tuesday, WK Kellogg Co [NYSE:KLG] saw its stock fall -1.71% to $20.12. Over the last five days, the stock has lost -3.78%. WK Kellogg Co shares have risen nearly 53.12% since the year began. Nevertheless, the stocks have risen 62.52% over the past one year. While a 52-week high of $24.63 was reached on 04/24/24, a 52-week low of $11.95 was recorded on 02/09/24. SMA at 50 days reached $18.49, while 200 days put it at $18.43.
Levels Of Support And Resistance For KLG Stock
The 24-hour chart illustrates a support level at 19.85, which if violated will result in even more drops to 19.58. On the upside, there is a resistance level at 20.45. A further resistance level may holdings at 20.79. The Relative Strength Index (RSI) on the 14-day chart is 54.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.01%. Stochastics %K at 39.87% indicates the stock is a holding.
How much short interest is there in WK Kellogg Co?
A steep rise in short interest was recorded in WK Kellogg Co stocks on 2024-11-29, growing by 1.78 million shares to a total of 11.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 9.84 million shares. There was a rise of 15.32%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 06, 2023 when Barclays began covering the stock and recommended ‘”an Underweight”‘ rating along with a $11 price target.
