Large Inflow of Money Witnessed in Fresh Del Monte Produce

Fresh Del Monte Produce (NYSE:FDP) stock had a bullish inflow of $1.89 million worth of trades on uptick and an outflow of $1.27 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.49. The net money flow into the stock was $0.62 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0.81 million. $0.81 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Fresh Del Monte Produce (NYSE:FDP) stock traded down $0.08 , and reached $52.71, a drop of -0.15% over the previous day. On a weekly basis, the stock is -1%, over the previous weeks close.


In an insider trading activity, The Securities and Exchange Commission has divulged that Abu Ghazaleh Amir, director of Fresh Del Monte Produce Inc, had unloaded 11,201 shares at an average price of $52.91 in a transaction dated on June 2, 2016. The total value of the transaction was worth $592,645. Currently the company Insiders own 37.8% of Fresh Del Monte Produce shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.55% . Institutional Investors own 62.4% of Fresh Del Monte Produce shares. During last six month period, the net percent change held by insiders has seen a change of -0.59%.

The company shares have rallied 35.32% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $55.41 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $52.89 and the 200 Day Moving Average price is recorded at $44.29. Fresh Del Monte Produce (NYSE:FDP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.01 and $52.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.99, notching a gain of 0.38% for the day. The total traded volume was 240,341 . The stock had closed at $52.79 on the previous day.

Fresh Del Monte Produce Inc. is an exempted holding company. Through its subsidiaries, the Company is engaged in sourcing, transportation and marketing fresh and fresh-cut fruit and vegetables together with prepared food products in Europe, Africa and the Middle East. Its operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food. Other fresh produce includes pineapples, melons, non-tropical fruit, fresh-cut products, other fruit and vegetables, a third-party ocean freight business, and a plastic product and box manufacturing business. Prepared food includes prepared fruit and vegetables, juices, beverages, snacks, poultry and meat products. It sources its fresh produced products from Central and South America, Africa, the Philippines, North America and Europe. The Company sources its prepared food products from Africa, Europe and the Middle East. It markets its products across the world under the DEL MONTE brand.

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