Shares of Campbell Soup Company (NYSE:CPB) Sees Large Outflow of Money

Campbell Soup Company (NYSE:CPB) : Money flow in the Campbell Soup Company (NYSE:CPB) stock was negative (3.15 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $3.88 million, compared to $7.03 million on downticks. The total uptick to downtick ratio was 0.55, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($2.24 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $2.24 million, indicating persistent selling. Campbell Soup Company (NYSE:CPB) traded $0.34 higher at $63.09 gaining 0.54% over the previous days close.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior Vice President) of Campbell Soup Co, Carolan Edward had sold 5,000 shares worth of $309,650 in a transaction dated March 4, 2016. In this transaction, 5,000 shares were sold at $61.93 per share. Currently the company Insiders own 37.7% of Campbell Soup Company shares according to the proxy statements. Institutional Investors own 43.54% of Campbell Soup Company shares. During last six month period, the net percent change held by insiders has seen a change of -27.05%.

The company shares have rallied 31.17% 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 $62.55 and the 200 Day Moving Average price is recorded at $60.00. Campbell Soup Company (NYSE:CPB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $63.18 and $62.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.82, notching a gain of 0.11% for the day. The total traded volume was 2,585,914 . The stock had closed at $62.75 on the previous day.

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.

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