Large Inflow of Money Witnessed in Campbell Soup Company

Campbell Soup Company (CPB) : On Thursday, The money flowed into the Campbell Soup Company (CPB) stock with an uptick to downtick ratio was recorded at 1.38. Transactions worth $26.75 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $19.39 million. The total money flow into the stock was $7.36 million. The block trades reveal a bullish bias with an up-down ratio of 6.38. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $8.75 million of block transactions on upticks. The value of block trades on downticks was $1.37 million, indicating lower selling interest. The total money flow in block trades was $7.38 million. In terms of price action, Campbell Soup Company (CPB) traded down $0.41 during the session at $66.83. Compared to the previous days closing, the stock was down only by -0.61%. For the week, the stock is 1.17%, over previous weeks closing.


Campbell Soup Company (CPB) : 8 Wall Street analysts covering Campbell Soup Company (CPB) believe that the average level the stock could reach for the short term is $60.5. The maximum price target given is $65 and the minimum target for short term is around $55, hence the standard deviation is calculated at $3.89. The stock has recorded a 20-day Moving Average of 5.43% and the 50-Day Moving Average is 6.27%.

Campbell Soup Company (NYSE:CPB): The stock opened at $67.78 on Thursday but the bulls could not build on the opening and the stock topped out at $67.78 for the day. The stock traded down to $66.66 during the day, due to lack of any buying support eventually closed down at $66.83 with a loss of -0.61% for the day. The stock had closed at $67.24 on the previous day. The total traded volume was 1,827,205 shares.

Campbell Soup Company manufactures and markets food products. The Companys segments include U.S. Simple Meals; Global Baking and Snacking; International Simple Meals and Beverages; U.S. Beverages, and Bolthouse and Foodservice. Its U.S. Simple Meals segment includes various products, such as Campbells condensed and ready-to-serve soups; Prego pasta sauces, and Pace Mexican sauces. Its Global Baking and Snacking segment includes Pepperidge Farm cookies, crackers, bakery and frozen products in the United States retail. Its International Simple Meals and Beverages segment includes retail business in Canada. Its U.S. Beverages segment includes various products, such as V8 juices and beverages, and Campbells tomato juice. Its Bolthouse and Foodservice segment comprises the Bolthouse Farms carrot products operating segment, including fresh carrots, juice concentrate and fiber. Its brands include Arnotts, Bolthouse Farms, Campbells, Garden Fresh Gourmet, Goldfish, Kjeldsens and Pace.

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