Snyders-Lance (LNCE) : Tuesdays money flow data in Snyders-Lance (LNCE) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $6.24 million, whereas, $3.18 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.96, in favor of the bulls. The total money flow into the stock was $3.07 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $2.14 million. The total value of block trades done on upticks was $2.14 million. Snyders-Lance (LNCE) fell $0.22 and traded at $34.9, down -0.63% for the day, over previous days close. On a weekly basis, the shares are -0.82% over the previous weeks close.
The company Insiders own 18.6% of Snyders-Lance shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -41.1% . Institutional Investors own 54.55% of Snyders-Lance shares. During last six month period, the net percent change held by insiders has seen a change of -22.24%. In an insider trading activity,The officer (SVP, General Counsel & Sec) of Snyders-Lance, Inc., Myers Gail Sharps sold 200 shares at $32.08 on June 13, 2016. The Insider selling transaction had a total value worth of $6,416. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Shares of Snyders-Lance, Inc. rose by 5.41% in the last five trading days and 6.27% for the last 4 weeks. Snyders-Lance, Inc. is up 13.1% in the last 3-month period. Year-to-Date the stock performance stands at 2.82%.
Snyders-Lance (NASDAQ:LNCE): On Tuesdays trading session , Opening price of the stock was $35.1 with an intraday high of $35.18. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $34.89. However, the stock managed to close at $34.9, a loss of 0.63% for the day. On the previous day, the stock had closed at $35.12. The total traded volume of the day was 740,345 shares.
Snyders-Lance, Inc. is a national snack food company. The Company is engaged in the manufacturing, distribution, marketing and sale of snack food products. Its products include pretzels, sandwich crackers, kettle cooked chips, pretzel crackers, cookies, potato chips, tortilla chips, nuts, restaurant style crackers and other salty snacks. It purchases certain cake products and sells under its brands. The Companys brands include core brands, such as Snyders of Hanover, Lance, Cape Cod, Snack Factory, Pretzel Crisps and Late July and allied brands, such as Toms, Archway, Jays, Stella Doro, EatSmart, Krunchers! and O-Ke-Doke. The Companys Clearview Foods division combines Snack Factory, Pretzel Crisps, Late July, Organic Snacks and EatSmart brands. The Company also sells Partner brand products, which consist of other third-party branded products that the Company sells to its independent business owners (IBO) through its direct-store-delivery distribution network (DSD network).