Flowers Foods (NYSE:FLO) has tumbled 3.08% during the past week and has dropped 4.07% 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 1.92%. Flowers Foods (NYSE:FLO) has underperformed the index by 4.95% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Flowers Foods (NYSE:FLO): The stock opened at $18.00 on Friday but the bulls could not build on the opening and the stock topped out at $18.03 for the day. The stock traded down to $17.90 during the day, due to lack of any buying support eventually closed down at $17.91 with a loss of -1.05% for the day. The stock had closed at $18.10 on the previous day. The total traded volume was 2,513,611 shares.
The company shares have dropped -18.29% from its 1 Year high price. On Oct 30, 2015, the shares registered one year high at $27.31 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $18.80 and the 200 Day Moving Average price is recorded at $19.35.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (President – Flowers Cake Group) of Flowers Foods Inc, Tashie Joseph G had sold 24,800 shares worth of $463,512 in a transaction dated June 7, 2016. In this transaction, 24,800 shares were sold at $18.69 per share.
Many analysts have stated their opinion on the company shares. KeyBanc initiates coverage on Flowers Foods (NYSE:FLO).The analysts at the brokerage house have a current rating of Sector Weight on the shares. The rating by the firm was issued on May 26, 2016. Currently the company Insiders own 16.87% of Flowers Foods shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -23.64% . Institutional Investors own 64.96% of Flowers Foods shares. During last six month period, the net percent change held by insiders has seen a change of 0.01%.
Flowers Foods, Inc. (Flowers) is a producer and marketer of a line of bakery products on a national and super-regional basis. The Company operates in two segments: a direct-store-delivery segment (DSD Segment) and a warehouse delivery segment (Warehouse Segment). The DSD Segment operates 38 bakeries that market a variety of fresh bakery foods, including breads, buns, rolls, tortillas and snack cakes. The Warehouse Segment produces frozen bread and rolls, and snack products. It operates eight bakeries that produce snack cakes, breads and rolls for national retail, foodservice, vending, and co-pack customers, which are delivered through customers warehouse channels and one bakery mix plant. The company operates 46 bakeries, of which 44 are owned and two are leased, and one mix plant.