Mead Johnson Nutrition Company (NYSE:MJN) has climbed 2.88% in the past week and advanced 4.87% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.11% and the outperformance has advanced to 3.91% for the last 4 weeks period.
Mead Johnson Nutrition Company (NYSE:MJN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $85.15 and $84.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $86.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $86.20, notching a gain of 1.08% for the day. The total traded volume was 1,735,186 . The stock had closed at $85.28 on the previous day.
The company shares have dropped -5.58% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $93.07 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $84.02 and the 200 Day Moving Average price is recorded at $79.00.
On the companys insider trading activities,The officer (SVP and President, Asia) of Mead Johnson Nutrition Co, Stratton Christoper Richard sold 33,730 shares at $86.68 on May 2, 2016. The Insider selling transaction had a total value worth of $2,923,716. 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, Citigroup maintains its outlook on Mead Johnson Nutrition Company (NYSE:MJN). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $85 per share to $100 per share. The rating by the firm was issued on April 18, 2016. Currently the company Insiders own 0.5% of Mead Johnson Nutrition Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -59.79% . Institutional Investors own 98.53% of Mead Johnson Nutrition Company shares. During last six month period, the net percent change held by insiders has seen a change of -59.79%.
Mead Johnson Nutrition Company (Mead Johnson) is a global pediatric nutrition company. The Company manufactures, distributes and sells infant formulas, childrens nutrition and other nutritional products. Its product portfolio includes routine and specialty infant formulas, childrens milks and milk modifiers, dietary supplements for pregnant and breastfeeding mothers, pediatric vitamins, and products for pediatric metabolic disorders. The Company operates through three segments: Asia, Latin America and North America/Europe. The Companys Enfa family of brands, including Enfamil infant formula, is a brand franchise in pediatric nutrition. Its product portfolio addresses a range of nutritional needs for infants, children and expectant and nursing mothers. The Company markets its portfolio of more than 70 products to mothers, healthcare professionals and retailers in more than 50 countries in Asia, North America, Latin America and Europe.