Kellanova’s recently made public that its 10% Owner KELLOGG W K FOUNDATION TRUST unloaded Company’s shares for reported $9.43 million on Mar 14 ’25. In the deal valued at $82.26 per share,114,583 shares were sold. As a result of this transaction, KELLOGG W K FOUNDATION TRUST now holds 47,618,280 shares worth roughly $3.92 billion.
Then, KELLOGG W K FOUNDATION TRUST sold 114,583 shares, generating $9,458,804 in total proceeds. Upon selling the shares at $82.55, the 10% Owner now owns 47,732,863 shares.
Before that, KELLOGG W K FOUNDATION TRUST bought 458,332 shares. Kellanova shares valued at $37,835,215 were divested by the Owner of approximately 20% of at a price of $82.55 per share.
RBC Capital Mkts upgraded its Kellanova [K] rating to an Outperform from a a Sector perform in a research note published recently. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Neutral”. Argus also remained covering K and has decreased its forecast on October 02, 2024 with a “Hold” recommendation from previously “Buy” rating. DA Davidson revised its rating on August 26, 2024. It rated K as “a Neutral” which previously was an “a Buy”.
Price Performance Review of K
On Monday, Kellanova [NYSE:K] saw its stock jump 0.18% to $82.38. Over the last five days, the stock has lost -0.08%. Kellanova shares have risen nearly 1.74% since the year began. Nevertheless, the stocks have risen 52.56% over the past one year. While a 52-week high of $83.22 was reached on 03/04/25, a 52-week low of $52.53 was recorded on 01/02/25. SMA at 50 days reached $82.04, while 200 days put it at $75.61.
Levels Of Support And Resistance For K Stock
The 24-hour chart illustrates a support level at 82.26, which if violated will result in even more drops to 82.13. On the upside, there is a resistance level at 82.47. A further resistance level may holdings at 82.55. The Relative Strength Index (RSI) on the 14-day chart is 53.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.16%. Stochastics %K at 10.70% indicates the stock is a buying.
How much short interest is there in Kellanova?
A steep rise in short interest was recorded in Kellanova stocks on 2025-02-28, dropping by -1.04 million shares to a total of 6.58 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 7.62 million shares. There was a decline of -15.8%, which implies that there is a negative sentiment for the stock.
