Cott Corporation (COT) : Traders are bullish on Cott Corporation (COT) as it has outperformed the S&P 500 by a wide margin of 13.36% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 11.11%, 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 11.59% in the last 1 week, and is up 16.18% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Cott Corporation (NYSE:COT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.00 and $15.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.66, notching a gain of 4.91% for the day. The total traded volume was 2,733,877 . The stock had closed at $15.88 on the previous day.
The stock has recorded a 20-day Moving Average of 14.43% and the 50-Day Moving Average is 12.53%. Cott Corporation is up 16.5% in the last 3-month period. Year-to-Date the stock performance stands at 52.94%.
Cott Corporation (COT) : The highest level Cott Corporation (COT) is projected to reach is $18 for the short term and the lowest estimate is at $16. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $16.5 and the possibility the share price can swing is $1.
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.