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Here's Why Kellanova (K) is a Strong Momentum Stock


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Published in Stocks and Investing on Tuesday, November 26th 2024 at 12:21 GMT by Thomas Matters   Print publication without navigation

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The article from MSN Money discusses why Kellanova (formerly known as Kellogg Company) is considered a strong momentum stock. It highlights that Kellanova has shown significant price strength, with its shares increasing by 10.16% over the past week and 11.86% over the past quarter, outperforming the S&P 500. The stock's momentum is further supported by its Momentum Style Score of B and a Zacks Rank of #2 (Buy), indicating positive earnings estimate revisions. Additionally, the article points out that Kellanova's average 20-day trading volume has been strong, suggesting active investor interest. The company also boasts a history of surpassing earnings expectations, with an average surprise of 18.9% over the last four quarters. These factors combined make Kellanova an attractive option for investors looking for stocks with upward price momentum.

Read the Full MSN Article at [ https://www.msn.com/en-us/money/topstocks/here-s-why-kellanova-k-is-a-strong-momentum-stock/ar-AA1uNkXv ]

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