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. WK Kellogg Co shares valued at $946,082 were purchased by Gund G Zachary on Nov 15 ’24. At $17.20 per share, Gund G Zachary acquired 55,000 shares. The insider’s holdings grew to 250,000 shares worth approximately $4.55 million following the completion of this transaction.
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Also, Gund G Zachary purchased 65,000 shares, netting a total of over 1,165,801 in proceeds. Following the buying of shares at $17.94 each, the insider now holds 65,000 shares.
Before that, Gund G Zachary had added 65,000 shares to its account. In a trade valued at $1,154,101, the Director bought WK Kellogg Co shares for $17.76 each. Upon closing the transaction, the insider’s holdings increased to 65,000 shares, worth approximately $3.55 million.
As published in a research note from BofA Securities on July 10, 2024, WK Kellogg Co [KLG] has been rated down from a Neutral to an Underperform and the price target has been revised to $17 from $24. Analysts at Exane BNP Paribas downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early May. As of December 14, 2023, Morgan Stanley has initiated its “an Equal-weight” rating for KLG. Earlier on November 13, 2023, Evercore ISI initiated its rating. Their recommendation was “an In-line” for KLG stock.
Analyzing KLG Stock Performance
During the last five days, there has been a drop of approximately -0.11%. Over the course of the year, WK Kellogg Co shares have jumped approximately 38.58%. Shares of the company reached a 52-week high of $24.63 on 04/24/24 and a 52-week low of $12.32 on 02/09/24. A 50-day SMA is recorded $18.55, while a 200-day SMA reached $18.53. Nevertheless, trading volume fell to 0.51 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for WK Kellogg Co (KLG)
According to the 24-hour chart, there is a support level at 17.92, which, if violated, would cause prices to drop to 17.62. In the upper region, resistance lies at 18.46. The next price resistance is at 18.70. RSI (Relative Strength Index) is 41.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.48, which suggests the price will decrease in the coming days. Percent R is at 78.93%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
