B&G Foods (BGS) : Traders are bullish on B&G Foods (BGS) as it has outperformed the S&P 500 by a wide margin of 5.48% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.96%, 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 8.89% in the last 1 week, and is up 9.02% 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 9.05% and the 50-Day Moving Average is 13.38%. B&G Foods Inc. is up 26.31% in the last 3-month period. Year-to-Date the stock performance stands at 50.51%.
B&G Foods (NYSE:BGS): stock turned positive on Friday. Though the stock opened at $49.11, the bulls momentum made the stock top out at $52.84 level for the day. The stock recorded a low of $49.11 and closed the trading day at $51.59, in the green by 12.67%. The total traded volume for the day was 2,165,714. The stock had closed at $45.79 in the previous days trading.
Also, DA Davidson upgrades its rating on B&G Foods (NYSE:BGS). Analysts at the DA Davidson have a current rating of Buy on the shares. The shares were previously rated Neutral. The rating by the firm was issued on July 29, 2016.
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.