Large Outflow of Money Witnessed in Campbell Soup Company

Campbell Soup Company (CPB) : Net money flow in Campbell Soup Company (CPB) was negative ($1.09 million) and the inflow of money on uptick was $2.33 million, whereas, the outflow of money on downticks amounted to $3.42 million on Friday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.68. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $0.96 million. The money flow in block trades was negative ($0.96). Campbell Soup Company (CPB) gained $0.02 cent during the day and reached $63.36, a gain of 0.03% over the previous day.


Campbell Soup Company (CPB) : The highest level Campbell Soup Company (CPB) is projected to reach is $68 for the short term and the lowest estimate is at $55. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $61.38 and the possibility the share price can swing is $4.6.

Campbell Soup Company (NYSE:CPB): stock turned positive on Friday. Though the stock opened at $63.33, the bulls momentum made the stock top out at $63.635 level for the day. The stock recorded a low of $62.99 and closed the trading day at $63.38, in the green by 0.06%. The total traded volume for the day was 1,449,966. The stock had closed at $63.34 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Carolan Edward, officer (Senior Vice President) of Campbell Soup Co, had unloaded 5,000 shares at an average price of $61.93 in a transaction dated on March 4, 2016. The total value of the transaction was worth $309,650.

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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