price down icon0.34%   -0.11
pre-market  Pre-market:  32.06   -0.010   -0.03%

Why is Kraft Heinz Co (KHC) Stock down?

We've noticed a 6.03% decline in Kraft Heinz Co (KHC) stock during the 2024-05-01 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
12 Oct, 2023:

Shares of The Kraft Heinz Company (KHC) dropped by 5.02% from $32.44 to $30.81 in the trading on Thursday, October 12, 2023. The reason why KHC stock down include:

  • Higher-than-expected CPI: On October 12, a report revealed that September's Consumer Price Index (CPI) inflation came in at 3.7%, surpassing expectations of 3.6%. Core CPI inflation stood at 4.1%, in line with expectations. This higher inflation raised concerns among investors about a potential interest rate hike by the Federal Reserve, leading to a broader decline in the stock market, including KHC stock.
  • Inflation Impact on Food Prices: Inflation, particularly in the food sector, played a significant role in KHC's stock decline. The Bureau of Transportation Statistics reported a year-over-year increase of 3.7% in food prices for September. This inflationary pressure affected the food and beverage industry, contributing to the challenges faced by KHC in 2023.
packaged_foods GIS
price down icon 0.22%
packaged_foods K
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packaged_foods MKC
price up icon 0.37%
packaged_foods HRL
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packaged_foods CPB
price up icon 0.31%
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