The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Kellanova Co shares valued at $9,240,248 were sold by KELLOGG W K FOUNDATION TRUST on Dec 23 ’24. At $80.64 per share, KELLOGG W K FOUNDATION TRUST sold 114,583 shares. The insider’s holdings dropped to 48,878,693 shares worth approximately $3.95 billion following the completion of this transaction.
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Also, KELLOGG W K FOUNDATION TRUST sold 114,583 shares, netting a total of over 9,245,611 in proceeds. Following the sale of shares at $80.69 each, the insider now holds 48,993,276 shares.
Before that, KELLOGG W K FOUNDATION TRUST had added 458,332 shares to its account. In a trade valued at $36,986,751, the Owner of approximately 20% of bought Kellanova Co shares for $80.70 each.
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 surge of approximately 0.29%. Over the course of the year, Kellanova Co shares have jumped approximately 44.55%. 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 $80.81, while a 200-day SMA reached $69.17. Nevertheless, trading volume fell to 0.58 million shares from 1.22 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 80.63, which, if violated, would cause prices to drop to 80.45. In the upper region, resistance lies at 80.94. The next price resistance is at 81.07. RSI (Relative Strength Index) is 53.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.05, which suggests the price will decrease in the coming days. Percent R is at 25.19%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
