Campbell Soup Company (NYSE:CPB) has seen a rise of 727,210 shares or 6.8% in the short interest. The remaining shorts are 6.3% of the total floated shares. The net short interest, as on June 15,2016, stood at 11,444,946 shares and the stocks days to cover will be 7 by factoring in the average per day volume of 1,645,624 shares. On May 31,2016, 10,717,736 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Campbell Soup Company (NYSE:CPB): The stock opened at $61.45 on Friday but the bulls could not build on the opening and the stock topped out at $63.49 for the day. The stock traded down to $61.05 during the day, due to lack of any buying support eventually closed down at $62.40 with a loss of -0.38% for the day. The stock had closed at $62.64 on the previous day. The total traded volume was 3,845,398 shares.
The company shares have rallied 32.74% from its 1 Year high price. On May 12, 2016, the shares registered one year high at $66.75 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $62.62 and the 200 Day Moving Average price is recorded at $59.76.
Campbell Soup Company (NYSE:CPB) has tumbled 0.06% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.98% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.59% and the outperformance has advanced to 5.06% for the last 4 weeks period.
Campbell Soup Company manufactures and markets food products. The Companys segments include U.S. Simple Meals; Global Baking and Snacking; International Simple Meals and Beverages; U.S. Beverages, and Bolthouse and Foodservice. Its U.S. Simple Meals segment includes various products, such as Campbells condensed and ready-to-serve soups; Prego pasta sauces, and Pace Mexican sauces. Its Global Baking and Snacking segment includes Pepperidge Farm cookies, crackers, bakery and frozen products in the United States retail. Its International Simple Meals and Beverages segment includes retail business in Canada. Its U.S. Beverages segment includes various products, such as V8 juices and beverages, and Campbells tomato juice. Its Bolthouse and Foodservice segment comprises the Bolthouse Farms carrot products operating segment, including fresh carrots, juice concentrate and fiber. Its brands include Arnotts, Bolthouse Farms, Campbells, Garden Fresh Gourmet, Goldfish, Kjeldsens and Pace.