Mead Johnson Nutrition Company (NYSE:MJN) has risen sharply, recording gains of 6.65% in the past 4 weeks. However, the stock has corrected -1.02% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.95% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have dropped -0.26% from its 1 Year high price. On Jun 30, 2016, the shares registered one year high at $92.01 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $85.36 and the 200 Day Moving Average price is recorded at $79.97.
The stock has recorded a 20-day Moving Average of 3.12% and the 50-Day Moving Average is 5.28%.
Mead Johnson Nutrition Company (NYSE:MJN): stock turned positive on Friday. Though the stock opened at $88.59, the bulls momentum made the stock top out at $89.48 level for the day. The stock recorded a low of $87.59 and closed the trading day at $89.36, in the green by 1.63%. The total traded volume for the day was 1,679,775. The stock had closed at $87.93 in the previous days trading.
In an insider trading activity,The officer (SVP and President, Asia) of Mead Johnson Nutrition Co, Stratton Christoper Richard sold 33,730 shares at $86.68 on May 2, 2016. The Insider selling transaction had a total value worth of $2,923,716. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Mead Johnson Nutrition Company (Mead Johnson) is a global pediatric nutrition company. The Company manufactures, distributes and sells infant formulas, childrens nutrition and other nutritional products. Its product portfolio includes routine and specialty infant formulas, childrens milks and milk modifiers, dietary supplements for pregnant and breastfeeding mothers, pediatric vitamins, and products for pediatric metabolic disorders. The Company operates through three segments: Asia, Latin America and North America/Europe. The Companys Enfa family of brands, including Enfamil infant formula, is a brand franchise in pediatric nutrition. Its product portfolio addresses a range of nutritional needs for infants, children and expectant and nursing mothers. The Company markets its portfolio of more than 70 products to mothers, healthcare professionals and retailers in more than 50 countries in Asia, North America, Latin America and Europe.