|Day Low/High||81.80 / 83.09|
|52 Wk Low/High||63.52 / 87.16|
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Shares should still reach $50 by year's end, returning premiums of 12%.
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Kellogg (K) stock is weak on high volume today as CNBC reported there was no proof for the Kraft Heinz (KHC) deal rumors.
TheStreet highlights 3 stocks pushing the consumer goods sector lower today.
Trade-Ideas LLC identified Kellogg (K) as a weak on high relative volume candidate
Stocks with insider trader activity include MCK, YORW and K
Trade-Ideas LLC identified Kellogg (K) as a new lifetime high candidate
Amid lots of consolidation in the consumer products space, a buyout of the cereal maker have persisted.
Historically, the cereal maker is lucky to trade at P/E multiples in the high teens.
Stocks with insider trader activity include SPWH, OLBK and K
Most names in the red-hot sector have top-line growth of 2% or less.
Kellogg's Debuts Two New Tasty Granola Varieties with a Sweet and Crunchy Twist
The purchase will connect the buyer with affluent U.S. consumers, addressing CEO Faber's need for growth.
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Cramer shares his views on how the food group is self-consuming and why Citigroup has the best value. WhiteWave, Deutsche Bank and PepsiCo are among the stocks discussed.
Jim Cramer talks about how Brexit didn't impact the Chinese and how it's the right time to look at some re-ratings of a few stocks.
The candy giant made a bid for its rival of $107 a share in cash and stock, but the offer was promptly rejected by Hershey's board.
It appears the Brexit-triggered panic is subsiding as markets begin to rebound.
Professor of Food and Marketing, John Stanton, joined Fox Business' 'Mornings With Maria Bartiromo' to discuss Kellogg's (K) new cereal cafe stores.
Investors re-evaluated what stocks are actually worth and started buying, Cramer says.