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 17^th 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:

KLG’s Daily Chart

Kellanova finalized the separation of its North American cereal division, WK Kellogg Co, on October 2, 2023, creating two independent publicly traded companies to enhance their respective operational focus, with the distribution of WK Kellogg Co shares to Kellanova shareholders completed at a ratio of one share for every four shares held as of the record date on September 21, 2023. The split, effective at 12:01 a.m. EDT on October 2, 2023, aims to allow both entities to better capitalize on their individual strengths and market opportunities.

Considering the current trading levels, current macro environment, resistance 1 and resistance 2 attainment, and risks associated, a ‘Sell’ rating is assigned to the “KLG” at the current market price of USD 19.33, as of March 27, 2025, at 07:10 am PDT.

Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is March 27, 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’