Evercore ISI raised the price target for the WK Kellogg Co (NYSE:KLG) stock to “an In-line”. The rating was released on November 13, 2023, according to finviz.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of WK Kellogg Co (NYSE:KLG) raised 1.73% to close Friday’s market session at $11.20, higher as compared to yesterday’s close. The stock price fluctuated between $10.99 and $11.55 throughout the trading session with the volume trading being 1725244 shares, which represented a significant variation when compared to the three months average volume of 2.55 million shares. The firm’s stock price fluctuated 5.86% within the last five trades and 11.89% within the last 30 trades, which was a significant change from the beginning of this year. KLG stock is trading at a margin of 7.52%, 2.26% and 2.26% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, KLG deals in the Consumer Defensive domain. The stock is trading -46.67 percent below its 52-week high and 16.00 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is null. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does WK Kellogg Co’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $959.06 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The firm managed a Price-to-Book ratio of 4.89, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 16.32 percent of WK Kellogg Co shares are owned by insiders, and 32.11 percent are held by financial institutions. Brice Sherry, the Chief Supply Chain Officer at WK Kellogg Co (KLG) has bought 5,580 shares of firm on Nov 14 at a price of $10.77 against the total amount of $60077.0. In another inside trade, Barnes-Euresti Norma, CLO and Secretary of WK Kellogg Co (NYSE:KLG) bought 4,675 shares of the firm on Nov 14 for a total worth of $49897.0 at a price of $10.67. An inside trade which took place on Nov 13, Chief Executive Officer of WK Kellogg Co PILNICK GARY H bought 93,500 shares of firm against total price of $1.0 million at the cost of $10.69 per share.