Coca-Cola Enterprises (NYSE:CCE) has tumbled 2.8% during the past week and has dropped 26.1% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.64%. Coca-Cola Enterprises (NYSE:CCE) has underperformed the index by 26.77% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Coca-Cola Enterprises (NYSE:CCE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.44 and $37.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.47, notching a gain of 0.59% for the day. The total traded volume was 5,017,999 . The stock had closed at $37.25 on the previous day.
The company shares have dropped -16.34% from its 1 Year high price. On Apr 14, 2016, the shares registered one year high at $54.54 and the one year low was seen on Jun 16, 2016. The 50-Day Moving Average price is $46.85 and the 200 Day Moving Average price is recorded at $48.72.
On the companys insider trading activities,The director officer (Chairman and CEO) of Coca-Cola Enterprises, Inc., Brock John sold 590,779 shares at $48.64 on March 1, 2016. The Insider selling transaction had a total value worth of $28,735,491. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Deutsche Bank reinstates its outlook on Coca-Cola Enterprises (NYSE:CCE). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $47 per share. The rating by the firm was issued on June 10, 2016. Currently the company Insiders own 3% of Coca-Cola Enterprises shares according to the proxy statements. Institutional Investors own 80.69% of Coca-Cola Enterprises shares.
Coca-Cola Enterprises, Inc. (CCE) markets, produces and distributes non-alcoholic beverages. The Company serves a market of approximately 170 million consumers throughout Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, and Sweden. The Company is The Coca-Cola Companys (TCCC) bottling partner in Western Europe. The Company has bottling rights within its territories for various beverage brands, including products with the name Coca-Cola. The Company purchases concentrates and syrups from TCCC and other licensors to manufacture products. In addition, it purchases sweeteners, juices, mineral waters, finished product, carbon dioxide, fuel, PET (plastic) preforms, glass, aluminum and plastic bottles, aluminum and steel cans, pouches, closures, post-mix, and packaging materials. The Companys beverage portfolio includes Coca-Cola, Diet Coke/Coca-Cola light, Coca-Cola Zero, Fanta and Capri-Sun, among others.