Cott Corporation (COT) : Traders are bullish on Cott Corporation (COT) as it has outperformed the S&P 500 by a wide margin of 14.97% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.39%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.44% in the last 1 week, and is up 16.15% 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 11.64% and the 50-Day Moving Average is 12.28%. Cott Corporation (NYSE:COT): On Fridays trading session , Opening price of the stock was $16.94 with an intraday high of $17.19. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $16.8. However, the stock managed to close at $16.9, a loss of 0.53% for the day. On the previous day, the stock had closed at $16.99. The total traded volume of the day was 823,859 shares.
The company Insiders own 2.19% of Cott Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.1% . During last six month period, the net percent change held by insiders has seen a change of -5.1%. Also, In a research note released to the investors, Deutsche Bank maintains its rating on Cott Corporation (NYSE:COT).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Deutsche Bank raises the new price target from $16 per share to $19 per share. The rating by the firm was issued on August 5, 2016.
Cott Corporation, together with its consolidated subsidiaries, is engaged in production of beverages on behalf of retailers, brand owners and distributors. The Company operates in three segments: North America, United Kingdom and All Other. The Company is also engaged in home and office bottled water and office coffee services distribution in the United States. The Companys product lines include carbonated soft drinks (CSDs), 100% shelf stable juice and juice-based products, clear, still and sparkling flavored waters, energy drinks and shots, sports products, new age beverages, ready-to-drink teas and alcoholic beverages, beverage concentrates, liquid enhancers and freezables, as well as hot chocolate, coffee, malt drinks, creamers/whiteners and cereals. The Companys has approximately 62 beverage manufacturing, production, distribution and fruit processing facilities.