Pinnacle Foods (PF) : Traders are bullish on Pinnacle Foods (PF) as it has outperformed the S&P 500 by a wide margin of 3.72% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.19%, 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 3.71% in the last 1 week, and is up 3.58% 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 3.16% and the 50-Day Moving Average is 6.42%.The 200 Day SMA reached 16.96%. Pinnacle Foods Inc. is up 20.78% in the last 3-month period. Year-to-Date the stock performance stands at 23.37%.
Pinnacle Foods (NYSE:PF): After opening at $50.8, the stock dipped to an intraday low of $50.79 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $51.54 and the buying power remained strong till the end. The stock closed at $51.45 for the day, a gain of 1.38% for the day session. The total traded volume was 1,151,820. The stocks close on the previous trading day was $50.75.
Pinnacle Foods Inc. is a manufacturer, marketer and distributor of food products in North America. The Companys products are sold through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, drug stores and warehouse clubs in the United States and Canada, as well as in military channels and foodservice locations. The Company operates through three segments: the Birds Eye Frozen segment, the Duncan Hines Grocery segment and the Specialty Foods segment. The Birds Eye Frozen segment and the Duncan Hines Grocery segment, which collectively represent its North America Retail operations, include Birds Eye, Birds Eye Voila!, Van de Kamps, Mrs. Pauls, Lenders, Celeste, Hungry-Man and Aunt Jemima brands. The Duncan Hines Grocery Segment includes Duncan Hines, Vlasic, Log Cabin, Armour, Brooks and, Nalley brand among others. Specialty Foods Segment consists of Snack Products and Foodservice and Private Label.