SunOpta (NASDAQ:STKL) : Traders are bullish on SunOpta (NASDAQ:STKL) as it has outperformed the S&P 500 by a wide margin of 9.27% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 14.96%, 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 16.44% in the last 1 week, and is up 11.04% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -51.07% from its 1 Year high price. On Aug 4, 2015, the shares registered one year high at $11.39 and the one year low was seen on May 24, 2016. The 50-Day Moving Average price is $4.39 and the 200 Day Moving Average price is recorded at $5.11.
The stock has recorded a 20-day Moving Average of 13.47% and the 50-Day Moving Average is 12.44%.
SunOpta (NASDAQ:STKL): stock turned positive on Friday. Though the stock opened at $4.89, the bulls momentum made the stock top out at $5.055 level for the day. The stock recorded a low of $4.76 and closed the trading day at $5.03, in the green by 3.71%. The total traded volume for the day was 1,289,786. The stock had closed at $4.85 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (SVP) of Sunopta Inc., Gratzek James had purchased shares worth of $16,750 in a transaction dated on May 24, 2016. A total of 5,000 shares were purchased at a price of $3.35 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
SunOpta Inc. is a global company operating businesses focused on healthy products portfolio. The Company specializes in sourcing, processing and packaging of natural, organic and specialty food products. It operates in three segments: Global Ingredients, Consumer Products and Opta Minerals. It sources organic and non-genetically modified (non-GMO) crops from growers and suppliers. The Global Ingredients segment aggregates its North American-based Raw Material Sourcing and Supply and European-based International Sourcing and Supply operating segments. The Consumer Products segment manufactures and supplies branded and private label aseptic beverages; re-sealable pouch products; individually quick frozen (IQF) fruits and vegetables; fruit bases and toppings; juices; shelf stable juices and waters, and fruit- and grain-based snacks. The Opta Minerals segment processes, distributes and recycles industrial minerals; silica-free abrasives, and specialty sands.