Diageo plc (DEO) : Traders are bullish on Diageo plc (DEO) as it has outperformed the S&P 500 by a wide margin of 0.87% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.14%, 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 1.11% in the last 1 week, and is up 1.25% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Diageo plc is up 10.14% in the last 3-month period. Year-to-Date the stock performance stands at 9.02%. The stock has recorded a 20-day Moving Average of 1.56% and the 50-Day Moving Average is 4.97%.
Diageo plc (NYSE:DEO): The stock opened at $114.98 on Friday but the bulls could not build on the opening and the stock topped out at $115.55 for the day. The stock traded down to $114.61 during the day, due to lack of any buying support eventually closed down at $115.46 with a loss of -0.21% for the day. The stock had closed at $115.70 on the previous day. The total traded volume was 444,367 shares.
Also, Equity analysts at the Brokerage firm Goldman Sachs upgrades its rating on Diageo plc (NYSE:DEO). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Sell by the brokerage firm. The rating by the firm was issued on June 28, 2016.
Diageo plc (Diageo) is a drinks business company. The Company is a provider of beverage alcohol of various brands in spirits, beer and wine. The Company produces its brands from more than 200 sites in over 30 countries. Diageo owns manufacturing production facilities across the globe, including maltings, distilleries, breweries, packaging plants, maturation warehouses, cooperages, vineyards, wineries and distribution warehouses. Diageos brands are also produced at plants owned and operated by third parties and joint ventures at a number of locations around the world. Its geographical segments are North America, Europe, Africa, Latin America and Caribbean, Asia Pacific and Corporate. It offers products under various brands, including Johnnie Walker, Smirnoff, Captain Morgan, Baileys, Tanqueray, Guinness, Crown Royal, Yeni Raki, JeB, Buchanans, Bundaberg, Ypioca, Cacique, Windsor, Bells, JeB, Grand Old Parr, Shui Jing Fang, Ciroc and Bulleit Bourbon, among others.