Large Outflow of Money Witnessed in J.M. Smucker Company (The)

J.M. Smucker Company (The) (SJM) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($0.72 million) and the uptick to downtick ratio was 0.38. The transaction value on upticks was $0.44 million and on downticks, the transaction value was $1.16 million. The transaction value of block trades during downticks was $0 million. The money flow was negative ($0 million), indicating the traders were booking profit on the price strength. J.M. Smucker Company (The) (SJM) rose $0.03 at $152.77, during intraday Friday , a rise of 0.02% over the previous days close.


J.M. Smucker Company (The) (SJM) : The highest level J.M. Smucker Company (The) (SJM) is projected to reach is $152 for the short term and the lowest estimate is at $123. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $138.83 and the possibility the share price can swing is $11.02.

J.M. Smucker Company (The) (NYSE:SJM): stock turned positive on Friday. Though the stock opened at $152.67, the bulls momentum made the stock top out at $153.35 level for the day. The stock recorded a low of $152.51 and closed the trading day at $152.97, in the green by 0.15%. The total traded volume for the day was 588,546. The stock had closed at $152.74 in the previous days trading.

In a related news, West David J, Director of J M SMUCKER Co, unloaded 865 shares at an average price of $145.65 on June 24, 2016. The total amount of the transaction was worth $125,987, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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