WK Kellogg Co Common Stock (KLG)

Investors shrug off tariff drama as earnings, chip euphoria, and airline optimism steal the show.

The breakfast cereal icon is being taken private.

Stay up-to-date with the latest market trends in the middle of the day on Thursday. Explore the top gainers and losers during today's session in our detailed report.

Let's have a look at what is happening on the US markets on Thursday. Below you can find the gap up and gap down stocks in today's session.

The maker of Ferrero Rocher is buying WK Kellogg for $23 per share in cash with the deal uniting everything from cereals such as Froot Loops to chocolates such as Kinder under one roof.

Before the US market kicks off on Thursday, let's examine the pre-market session and unveil the notable performers among the top gainers and losers.

While Dow Jones futures edged lower by 0.18% at the time of writing, the S&P 500 futures were down 0.1%.

U.S. stock futures declined on Thursday after ending higher on Wednesday. Futures of major benchmark indices were trading lower.

According to the WSJ, the deal could be finalized this week.

On Wednesday, the Dow Jones Industrial Average rose 0.5% to 44,458.30, while the S&P 500 gained 0.6% to 6,263.26.

Let's have a look at what is happening on the US markets after the closing bell on Wednesday. Below you can find the top gainers and losers in today's after hours session.

WK Kellogg Co shares are soaring in Wednesday's after-hours session following a report that Ferrero is nearing a deal to acquire the company.

Producers would incur additional costs and face a pullback in sales of those products.

J.P. Morgan analyst Ken Goldman rated WK Kellogg (NYSE:KLG) Neutral with a $19 price target after Q1 EPS of $0.20 missed estimates. Revenue fell short at $663M vs. $679.49M forecast. KLG cut its 2025 outlook, projecting a 2–3% drop in organic net sales and flat to lower EBITDA. Ongoing cereal category struggles, rising capex, and tariff risks justify a valuation discount, the analyst noted.

For Q1, the company earned $0.20 per share, on an adjusted basis, on $663 million in revenue, which rose 6.2%. Both the top and bottom lines missed analysts' estimates.

WK Kellogg missed Q1 earnings and sales estimates, cut its 2025 outlook, and flagged modest tariff-related headwinds.

The FDA and food industry currently have an "understanding", not an agreement, for phasing out artificial colorants, the regulator said.