Flowers Foods (FLO) has risen sharply, recording gains of 1.68% in the past 4 weeks. However, the stock has corrected -2.7% 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 2.23% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.41% and the 50-Day Moving Average is 5.17%.The 200 Day SMA reached 15.87%
Flowers Foods (NYSE:FLO): After opening at $15.19, the stock dipped to an intraday low of $15 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $15.24 and the buying power remained strong till the end. The stock closed at $15.12 for the day, a gain of 0.13% for the day session. The total traded volume was 2,303,402. The stocks close on the previous trading day was $15.12.
Flowers Foods (FLO) : The highest level Flowers Foods (FLO) is projected to reach is $20 for the short term and the lowest estimate is at $4. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $13.75 and the possibility the share price can swing is $6.85.
Flowers Foods, Inc. (Flowers) is a producer and marketer of a line of bakery products on a national and super-regional basis. The Company operates in two segments: a direct-store-delivery segment (DSD Segment) and a warehouse delivery segment (Warehouse Segment). The DSD Segment operates 38 bakeries that market a variety of fresh bakery foods, including breads, buns, rolls, tortillas and snack cakes. The Warehouse Segment produces frozen bread and rolls, and snack products. It operates eight bakeries that produce snack cakes, breads and rolls for national retail, foodservice, vending, and co-pack customers, which are delivered through customers warehouse channels and one bakery mix plant. The company operates 46 bakeries, of which 44 are owned and two are leased, and one mix plant.