Why Shares of WK Kellogg Stock Plummeted This Week

Shares of cereal behemoth WK Kellogg (NYSE: KLG) 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.The 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. Though General Mills delivered a beat over analysts' estimates, it guided for flat sales growth for the rest of 2025, sending its stock (and subsequently Kellogg's stock) into a tailspin.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool