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Barchart
Barchart
Mark R. Hake, CFA

Kraft Heinz Stock is Treading Water - Time to Buy KHC?

KHC Heinz OTM Barchart

Kraft Heinz Company (KHC) stock has been treading water over the last 3 months, despite the new CEO's turnaround plan, designed to raise sales. Analysts still haven't raised their revenue forecasts or price targets. One play is to short out-of-the-money (OTM) KHC puts.

KHC closed at $23.47 on Thursday, June 25, about where it was two and a half months ago on April 6 ($23.57).

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