Pinnacle Foods (PF) : Traders are bullish on Pinnacle Foods (PF) as it has outperformed the S&P 500 by a wide margin of 3.12% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.23%, 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 2.2% in the last 1 week, and is up 3.52% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Pinnacle Foods Inc. is up 21.82% in the last 3-month period. Year-to-Date the stock performance stands at 20.74%. The stock has recorded a 20-day Moving Average of 2.37% and the 50-Day Moving Average is 7.23%.
Pinnacle Foods (NYSE:PF): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $50.31 and $50.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $50.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $50.64, notching a gain of 0.42% for the day. The total traded volume was 955,698 . The stock had closed at $50.43 on the previous day.
Also, Equity Analysts at the Stifel Nicolaus upgrades the rating on Pinnacle Foods (NYSE:PF). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Hold. The rating by the firm was issued on July 29, 2016.
Pinnacle Foods Inc. is a manufacturer, marketer and distributor of food products in North America. The Companys products are sold through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, drug stores and warehouse clubs in the United States and Canada, as well as in military channels and foodservice locations. The Company operates through three segments: the Birds Eye Frozen segment, the Duncan Hines Grocery segment and the Specialty Foods segment. The Birds Eye Frozen segment and the Duncan Hines Grocery segment, which collectively represent its North America Retail operations, include Birds Eye, Birds Eye Voila!, Van de Kamps, Mrs. Pauls, Lenders, Celeste, Hungry-Man and Aunt Jemima brands. The Duncan Hines Grocery Segment includes Duncan Hines, Vlasic, Log Cabin, Armour, Brooks and, Nalley brand among others. Specialty Foods Segment consists of Snack Products and Foodservice and Private Label.