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Why Shares of WK Kellogg Stock Plummeted This Week
KLGWK Kellogg Co(KLG) The Motley Fool·2024-12-20 16:11

Shares of cereal behemoth WK Kellogg (KLG 2.00%) were down 14% this week as of 10:30 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence.While there doesn't appear to be any direct news linked to Kellogg this week, a couple of news items from its peers could be sending its stock lower.Volatility in the cereal industryThe first thing that may have helped send Kellogg's stock lower was weak guidance from its cereal peer, General Mills, which reported quarterly earnings on Wednesday ...