Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kraft Heinz Co shares valued at $1,505,362 were sold by Navio Pedro F P on Nov 05 ’24. At $33.45 per share, Navio Pedro F P sold 45,000 shares. The insider’s holdings dropped to 168,195 shares worth approximately $4.89 million following the completion of this transaction.
Also, PEDRO FRANCISCO PREZENCO NAVIO purchased 45,000 shares, netting a total of over 1,505,362 in proceeds.
Before that, La Lande Rashida had added 15,000 shares to its account. In a trade valued at $519,788, the Former Officer bought Kraft Heinz Co shares for $34.65 each.
As published in a research note from Evercore ISI on January 07, 2025, Kraft Heinz Co [KHC] has been rated down from an Outperform to an In-line and the price target has been revised to $35 from $38. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid November. As of October 31, 2024, Deutsche Bank has decreased its “Buy” rating to a “Hold” for KHC. Earlier on October 25, 2024, Stifel downgraded its rating. Their new recommendation was “a Hold” for KHC stock which previously was a “a Buy”.
Analyzing KHC Stock Performance
During the last five days, there has been a surge of approximately 1.25%. Over the course of the year, Kraft Heinz Co shares have dropped approximately -5.34%. Shares of the company reached a 52-week high of $31.03 on 01/02/25 and a 52-week low of $28.37 on 01/16/25. A 50-day SMA is recorded $30.83, while a 200-day SMA reached $33.89. Nevertheless, trading volume fell to 8.63 million shares from 8.6 million shares the previous day.
Support And Resistance Levels for Kraft Heinz Co (KHC)
According to the 24-hour chart, there is a support level at 28.91, which, if violated, would cause prices to drop to 28.75. In the upper region, resistance lies at 29.34. The next price resistance is at 29.61. RSI (Relative Strength Index) is 37.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 73.73%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
