Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kellanova Co shares valued at $9,245,611 were sold by KELLOGG W K FOUNDATION TRUST on Dec 16 ’24. At $80.69 per share, KELLOGG W K FOUNDATION TRUST sold 114,583 shares. The insider’s holdings dropped to 48,993,276 shares worth approximately $3.94 billion following the completion of this transaction.
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Also, KELLOGG W K FOUNDATION TRUST purchased 458,332 shares, netting a total of over 36,986,751 in proceeds.
Before that, KELLOGG W K FOUNDATION TRUST had sold 114,583 shares from its account. In a trade valued at $9,246,688, the 10% Owner traded Kellanova Co shares for $80.70 each. Upon closing the transaction, the insider’s holdings decreased to 114,583 shares, worth approximately $3.95 billion.
As published in a research note from Exane BNP Paribas on November 01, 2024, Kellanova Co [K] has been rated down from an Outperform to a Neutral and the price target has been revised to $83. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early October. As of August 26, 2024, DA Davidson has decreased its “Buy” rating to a “Neutral” for K. Earlier on August 15, 2024, RBC Capital Mkts downgraded its rating. Their new recommendation was “a Sector perform” for K stock which previously was a “an Outperform”.
Analyzing K Stock Performance
During the last five days, there has been a drop of approximately -0.46%. Over the course of the year, Kellanova Co shares have jumped approximately 43.70%. Shares of the company reached a 52-week high of $81.34 on 11/12/24 and a 52-week low of $52.46 on 03/14/24. A 50-day SMA is recorded $80.80, while a 200-day SMA reached $68.77. Nevertheless, trading volume fell to 2.23 million shares from 4.01 million shares the previous day.
Support And Resistance Levels for Kellanova Co (K)
According to the 24-hour chart, there is a support level at 80.25, which, if violated, would cause prices to drop to 80.16. In the upper region, resistance lies at 80.52. The next price resistance is at 80.70. RSI (Relative Strength Index) is 40.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.16, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
