The Kraft Heinz Company (KHC) has been under a strong bear grip, hence the stock is down -3.58% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.34% in the past 1 week. The stock has risen by 2.78% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.18% in the past 4 weeks.
The Kraft Heinz Company (NASDAQ:KHC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $89.85 and $88.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $90.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $88.79, notching a gain of 3.80% for the day. The total traded volume was 5,106,387 . The stock had closed at $85.54 on the previous day.
The stock has recorded a 20-day Moving Average of 1.43% and the 50-Day Moving Average is 2.85%. The Kraft Heinz Company is up 6.43% in the last 3-month period. Year-to-Date the stock performance stands at 23.79%.
The Kraft Heinz Company (KHC) stock is expected to deviate a maximum of $4.57 from the average target price of $90.7 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $98 and the most muted being $83.
The Kraft Heinz Company, formerly H.J. Heinz Holding Corporation, is a food and beverage company. The Company provides taste and nutrition foods for all eating occasions. The Companys brands include Kraft, Heinz, ABC, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Maxwell House, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones and Velveeta.