Pinnacle Foods (PF) : Traders are bullish on Pinnacle Foods (PF) as it has outperformed the S&P 500 by a wide margin of 5.35% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.7%, 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 2.64% in the last 1 week, and is up 8.89% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.82% and the 50-Day Moving Average is 11.61%. Pinnacle Foods Inc. is up 18.6% in the last 3-month period. Year-to-Date the stock performance stands at 19.71%.
Pinnacle Foods (NYSE:PF): stock turned positive on Friday. Though the stock opened at $49.12, the bulls momentum made the stock top out at $50.29 level for the day. The stock recorded a low of $49.12 and closed the trading day at $50.21, in the green by 2.85%. The total traded volume for the day was 1,909,752. The stock had closed at $48.82 in the previous days trading.
Also, In the latest statement by the brokerage house, Stifel Nicolaus upgrades its outlook on Pinnacle Foods (NYSE:PF). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of 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.