Shares of B&G Foods (BGS) Sees Large Inflow of Net Money Flow

B&G Foods (BGS) : On Wednesday, The money flowed into the B&G Foods (BGS) stock with an uptick to downtick ratio was recorded at 1.59. Transactions worth $5.19 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $3.26 million. The total money flow into the stock was $1.94 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $1.4 million of block transactions on upticks. The total money flow in block trades was $1.4 million. In terms of price action, B&G Foods (BGS) traded down $0.12 during the session at $49.17. Compared to the previous days closing, the stock was down only by -0.25%. For the week, the stock is -2.31%, over previous weeks closing.

B&G

B&G Foods Inc. has dropped 0.64% in the last five trading days, however, the shares have posted positive gains of 3.53% in the last 4 weeks. B&G Foods Inc. is up 6.48% in the last 3-month period. Year-to-Date the stock performance stands at 43.86%.

B&G Foods (BGS) : Zacks Investment Research ranks B&G Foods (BGS) as 3, which is a Hold recommendation. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 2.86, which indicates as a Hold.

B&G Foods (NYSE:BGS): The stock opened at $49.53 and touched an intraday high of $49.75 on Wednesday. During the day, the stock corrected to an intraday low of $48.7901, however, the bulls stepped in and pushed the price higher to close in the green at $49.31 with a gain of 0.04% for the day. The total traded volume for the day was 585,442. The stock had closed at $49.71 in the previous trading session.

B&G Foods, Inc. (B&G Foods) is a holding company that manufactures, sells and distributes a range of shelf-stable food and household products across the United States, Canada and Puerto Rico. Its products include hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, puffed corn and rice snacks, nut clusters and other specialty products. The Companys products are marketed under a range of brands, including Accent, B&G, B&M, Bakers Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Carys, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Emerils, Grandmas Molasses, JJ Flats, Joan of Arc, Las Palmas, MacDonalds, Maple Grove Farms of Vermont and Molly McButter, among others.

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