The Kraft Heinz Company (KHC) : Investors lapped up stocks on upticks to the tune of $47.94 million in the Wednesdays trading session. The trading value on downticks was comparatively at $30.46 million and the uptick to downtick ratio of 1.57 indicates continuous buying by the bulls. The net money flow into the stock was $17.48 million. The block trades were dominated by the bulls with a healthy 5.43, uptick to downtick ratio. Only $3.24 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $17.61 clearly indicating buying by large investors. The total money flow for block trades stood at $14.37 million, which is a positive for the stock in the long-term. The Kraft Heinz Company (KHC) fell $0.8 during the day at $88.17, a drop of -0.9% over the previous days close. However, for the week, the stock is -0.78%, compared to the previous week.
Also, Argus Research initiates coverage on The Kraft Heinz Company (NASDAQ:KHC) In a research note issued to the investors, the brokerage major announces price-target of $91 per share.The shares have been rated Buy. The rating by the firm was issued on April 27, 2016.
The Kraft Heinz Company (NASDAQ:KHC): The stock opened at $88.87 on Wednesday but the bulls could not build on the opening and the stock topped out at $88.95 for the day. The stock traded down to $87.94 during the day, due to lack of any buying support eventually closed down at $88.17 with a loss of -0.90% for the day. The stock had closed at $88.97 on the previous day. The total traded volume was 2,229,505 shares.
The stock has recorded a 20-day Moving Average of 0.66% and the 50-Day Moving Average is 3.02%. In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Kraft Heinz Co, Jackson Jeanne P had purchased shares worth of $326,482 in a transaction dated on October 28, 2015. A total of 4,330 shares were purchased at a price of $75.4 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
The Kraft Heinz Company, formerly H.J. Heinz Holding Corporation, is a food and beverage company. The Company provides taste and nutrition foods for all eating occasions. The Companys brands include Kraft, Heinz, ABC, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Maxwell House, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones and Velveeta.