J.M. Smucker Company (The) (SJM) has risen sharply, recording gains of 5.56% in the past 4 weeks. However, the stock has corrected -0.86% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.14% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 2.22% and the 50-Day Moving Average is 10%.
J.M. Smucker Company (The) (NYSE:SJM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $151.98 and $151.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $153.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $152.76, notching a gain of 0.83% for the day. The total traded volume was 1,182,486 . The stock had closed at $151.50 on the previous day.
The company Insiders own 3.5% of J.M. Smucker Company (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.58% . Institutional Investors own 76.92% of J.M. Smucker Company (The) shares. During last six month period, the net percent change held by insiders has seen a change of -6.6%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Director of J M SMUCKER Co, West David J had sold 865 shares worth of $125,987 in a transaction dated June 24, 2016. In this transaction, 865 shares were sold at $145.65 per share.
The J. M. Smucker Company is a manufacturer and marketer of consumer food and beverage products and pet food and pet snacks in North America. The Company has four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International, Foodservice and Natural Foods. The Companys U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America. The Companys International, Foodservice and Natural Foods segment represents sales outside of the U.S. retail market segments. The Companys principal consumer food and beverage products are coffee, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, canned milk, flour and baking ingredients, juices and beverages, frozen sandwiches, toppings, syrups, pickles, condiments, grain products and nut mix products. The Companys pet products consist of dry and wet dog food, dry and wet cat food, dog snacks and cat snacks.