On a relative basis, the stock has outperformed the S&P 500 by 5.86% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.67% in the last 1 week, and is up 10.48% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 6.23% and the 50-Day Moving Average is 10.59%.
Pinnacle Foods (NYSE:PF): The stock opened at $48.78 on Friday but the bulls could not build on the opening and the stock topped out at $48.93 for the day. The stock traded down to $48.20 during the day, due to lack of any buying support eventually closed down at $48.38 with a loss of -0.58% for the day. The stock had closed at $48.66 on the previous day. The total traded volume was 1,485,859 shares.
The company Insiders own 2.75% of Pinnacle Foods shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -11.01% . Institutional Investors own 95.52% of Pinnacle Foods shares. During last six month period, the net percent change held by insiders has seen a change of -26.04%. In a related news, The Securities and Exchange Commission has divulged that Maggs Michael Kelley, officer (EVP, Secretary, GC) of Pinnacle Foods Inc., had unloaded 5,000 shares at an average price of $46.34 in a transaction dated on July 1, 2016. The total value of the transaction was worth $231,700.
Pinnacle Foods Inc. is a manufacturer, marketer and distributor of food products in North America. The Companys products are sold through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, drug stores and warehouse clubs in the United States and Canada, as well as in military channels and foodservice locations. The Company operates through three segments: the Birds Eye Frozen segment, the Duncan Hines Grocery segment and the Specialty Foods segment. The Birds Eye Frozen segment and the Duncan Hines Grocery segment, which collectively represent its North America Retail operations, include Birds Eye, Birds Eye Voila!, Van de Kamps, Mrs. Pauls, Lenders, Celeste, Hungry-Man and Aunt Jemima brands. The Duncan Hines Grocery Segment includes Duncan Hines, Vlasic, Log Cabin, Armour, Brooks and, Nalley brand among others. Specialty Foods Segment consists of Snack Products and Foodservice and Private Label.