The Kraft Heinz Company (KHC) : Traders are bullish on The Kraft Heinz Company (KHC) as it has outperformed the S&P 500 by a wide margin of 1.61% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.43%, 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 0.4% in the last 1 week, and is up 2% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The Kraft Heinz Company is up 9.85% in the last 3-month period. Year-to-Date the stock performance stands at 25.36%. The stock has recorded a 20-day Moving Average of 2.41% and the 50-Day Moving Average is 3%.
The Kraft Heinz Company (NASDAQ:KHC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $89.60 and $89.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $90.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $89.92, notching a gain of 0.18% for the day. The total traded volume was 1,694,926 . The stock had closed at $89.76 on the previous day.
Also, Credit Suisse maintains its view on The Kraft Heinz Company (NASDAQ:KHC) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Credit Suisse raises the price target from $98 per share to $100 per share on The Kraft Heinz Company. The rating by the firm was issued on August 16, 2016.
The Kraft Heinz Company, formerly H.J. Heinz Holding Corporation, is a food and beverage company. The Company provides taste and nutrition foods for all eating occasions. The Companys brands include Kraft, Heinz, ABC, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Maxwell House, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones and Velveeta.