Large Inflow of Money Detected in B&G Foods

B&G Foods (BGS) : Mondays money flow data in B&G Foods (BGS) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $0.64 million, whereas, $0.33 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.92, in favor of the bulls. The total money flow into the stock was $0.3 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0 million. The total value of block trades done on upticks was $0 million. B&G Foods (BGS) fell $0.06 and traded at $48.57, down -0.12% for the day, over previous days close. On a weekly basis, the shares are -4.9% over the previous weeks close.


B&G Foods Inc. has dropped 5.56% in the last five trading days, however, the shares have posted positive gains of 1.86% in the last 4 weeks. B&G Foods Inc. is up 11.76% in the last 3-month period. Year-to-Date the stock performance stands at 40.76%.

B&G Foods (NYSE:BGS): The stock opened at $48.65 on Monday but the bulls could not build on the opening and the stock topped out at $48.92 for the day. The stock traded down to $48.00 during the day, due to lack of any buying support eventually closed down at $48.25 with a loss of -0.78% for the day. The stock had closed at $48.63 on the previous day. The total traded volume was 455,971 shares.

In a related news, The Securities and Exchange Commission has divulged that Lerner Scott E, officer (EVP & General Counsel) of B&G Foods, Inc., had unloaded 13,000 shares at an average price of $42.79 in a transaction dated on May 19, 2016. The total value of the transaction was worth $556,270.

B&G Foods, Inc. (B&G Foods) is a holding company that manufactures, sells and distributes a range of shelf-stable food and household products across the United States, Canada and Puerto Rico. Its products include hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, puffed corn and rice snacks, nut clusters and other specialty products. The Companys products are marketed under a range of brands, including Accent, B&G, B&M, Bakers Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Carys, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Emerils, Grandmas Molasses, JJ Flats, Joan of Arc, Las Palmas, MacDonalds, Maple Grove Farms of Vermont and Molly McButter, among others.

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