Shares of Pinnacle Foods (PF) Sees Large Outflow of Money

Pinnacle Foods (PF) : Net money flow in Pinnacle Foods (PF) was negative ($12.4 million) and the inflow of money on uptick was $12.98 million, whereas, the outflow of money on downticks amounted to $25.38 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.51. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $2.21 million. On the other hand, the total value of block trades done on downticks was $15.71 million. The ratio of uptick to downtick block trades was 0.14. The money flow in block trades was negative ($13.5). Pinnacle Foods (PF) gained $0.16 cent during the day and reached $47.1, a gain of 0.34% over the previous day.


Pinnacle Foods (PF) : The highest level Pinnacle Foods (PF) is projected to reach is $52 for the short term and the lowest estimate is at $44. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $48.25 and the possibility the share price can swing is $2.71. The stock has recorded a 20-day Moving Average of 6.35% and the 50-Day Moving Average is 9.16%.

Pinnacle Foods (NYSE:PF): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.26 and $47.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.10, notching a gain of 0.34% for the day. The total traded volume was 1,638,200 . The stock had closed at $46.94 on the previous day.

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.

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