Large Inflow of Money Detected in J.M. Smucker Company (The)

J.M. Smucker Company (The) (SJM) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $15.05 million worth of transactions were on upticks, whereas, the downticks accounted for $12.81 million worth of transactions. The net money flow was a positive $2.24 million and the uptick to downtick ratio was 1.17. The net money flow into the stock was $0.1 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.1 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. J.M. Smucker Company (The) (SJM) was trading at $152.44, down $0.39 during day. The stock slid -0.26% over the previous days close. For the week, the stock recorded -0.21% over the previous weeks close.


Also, Equity Analysts at the JP Morgan maintains the rating on J.M. Smucker Company (The) (NYSE:SJM). The brokerage firm has issued a Sell rating on the shares. The Analysts at the ratings agency raises the price target from $122 per share to $128 per share. The rating by the firm was issued on June 20, 2016.

J.M. Smucker Company (The) (NYSE:SJM): The stock opened at $153.01 on Wednesday but the bulls could not build on the opening and the stock topped out at $153.01 for the day. The stock traded down to $152.05 during the day, due to lack of any buying support eventually closed down at $152.39 with a loss of -0.29% for the day. The stock had closed at $152.83 on the previous day. The total traded volume was 561,609 shares.

The stock has recorded a 20-day Moving Average of 1.19% and the 50-Day Moving Average is 8.57%. 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.

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