The Kraft Heinz Company (KHC) : The Kraft Heinz Company (KHC) had a healthy money flow of $1.57 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $8.25 million, whereas, investors only sold shares worth $6.68 million on downticks. The stock closed the day with an up-down ratio of 1.24.The money flow in the block trades to the tune of $2.14 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $2.14 million worth of transactions were on upticks. The Kraft Heinz Company (KHC) stock slid $0.39 intraday and traded at 88.18, a change of -0.44% over previous days close. However, for the week, the company shares are 0.01% compared to previous weeks close.
Also, Susquehanna maintains their rating on the shares of The Kraft Heinz Company (NASDAQ:KHC). The current rating of the shares is Positive. Equity Analysts at the Firm lowers the price target to $114 per share from $118 per share. The rating by the firm was issued on August 26, 2016.
The Kraft Heinz Company has dropped 1.01% in the last five trading days, however, the shares have posted positive gains of 3.02% in the last 4 weeks. The Kraft Heinz Company is up 5.5% in the last 3-month period. Year-to-Date the stock performance stands at 23.47%.
The Kraft Heinz Company (NASDAQ:KHC): The stock opened at $88.63 on Tuesday but the bulls could not build on the opening and the stock topped out at $88.83 for the day. The stock traded down to $87.77 during the day, due to lack of any buying support eventually closed down at $87.97 with a loss of -0.68% for the day. The stock had closed at $88.57 on the previous day. The total traded volume was 1,841,543 shares.
In a related news, Jackson Jeanne P, director of Kraft Heinz Co, executed a transaction worth $326,482 on October 28, 2015. A total of 4,330 shares were purchased at an average price of $75.4. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
The Kraft Heinz Company, formerly H.J. Heinz Holding Corporation, is a food and beverage company. The Company provides taste and nutrition foods for all eating occasions. The Companys brands include Kraft, Heinz, ABC, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Maxwell House, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones and Velveeta.