Flowers Foods (FLO) : Traders are bullish on Flowers Foods (FLO) as it has outperformed the S&P 500 by a margin of 0.1% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.29%, 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 1.92% in the last 1 week, and is up 6.86% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Flowers Foods (NYSE:FLO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.84 and $18.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.15, notching a gain of 1.81% for the day. The total traded volume was 1,124,480 . The stock had closed at $18.81 on the previous day.
The stock has recorded a 20-day Moving Average of 3.09% and the 50-Day Moving Average is 3.38%. Flowers Foods, Inc. is up 4.12% in the last 3-month period. Year-to-Date the stock performance stands at -9.35%.
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.