WK Kellogg (KLG) was Smart Insider's stock pick of the week after the company's lead director Zachary Gund bought about $3.5 million worth of WK Kellogg's shares at $17.67 per share Thursday.
The purchase, which increased Gund's ownership in the company by 49% to 592,000 shares, is a "large confident purchase" and his first since the company was spun off from Kellogg last year, Smart Insider said in a note Tuesday.
"It's encouraging to see him buying now," the note added.
Smart Insider ranked the stock +1, or strong positive signal, on Friday.
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