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Company Overview: WK Kellogg Co (NYSE: KLG) is a food company. The Company is a manufacturer, marketer, and distributor of branded ready-to-eat cereal and provide consumers with products while promoting consumer health and wellbeing. It is engaged in the manufacturing, marketing, and sales of cereal products in North America. Its products are manufactured by the Company in the United States, Mexico, and Canada and marketed in the United States, Canada, and the Caribbean.
As per our previous US Daily Report published on ‘KLG’ on 17th January 2023, Kalkine provided a ‘Buy’ stance on the stock at USD 70.05, based on “fundamental, Q3FY22 results, correction in the price, bullish outlook, upside indicated by valuation, and key risks associated with the business ” and the stock price has now moved by ~24.68% since then and attained resistance 1 and resistance 2.
Noted below are the details of support and resistance levels provided in our previous report:
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