Shares of Snyders-Lance (LNCE) Sees Large Outflow of Money

Snyders-Lance (LNCE): The stock had negative money flow to the tune of ($3.33 million) on Thursday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $1.17 million, whereas, the outflow of money on downticks was $4.5 million and the ratio between the two was 0.26. The block trade had a negative net money flow of ($3.31 million). The total block trade value undertaken on upticks was $0.4 million. On the other hand, downticks amounted to $3.71 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.11. Snyders-Lance (LNCE) closed with marginal gains of 3 cents to end the day at $34.94, an increase of 0.09% over the previous days close. The stock recorded -0.71% for the week.


The stock has recorded a 20-day Moving Average of 4.95% and the 50-Day Moving Average is 8.4%. Shares have rallied 7.24% from its 1 Year high price. On Nov 20, 2015, the shares registered one year high at $39.10 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $32.17 and the 200 Day Moving Average price is recorded at $32.03.

Snyders-Lance (NASDAQ:LNCE): The stock opened at $35.01 on Thursday but the bulls could not build on the opening and the stock topped out at $35.16 for the day. The stock traded down to $34.73 during the day, due to lack of any buying support eventually closed down at $34.75 with a loss of -0.46% for the day. The stock had closed at $34.91 on the previous day. The total traded volume was 475,863 shares.

In an insider trading activity,The officer (SVP, General Counsel & Sec) of Snyders-Lance, Inc., Myers Gail Sharps sold 200 shares at $32.08 on June 13, 2016. The Insider selling transaction had a total value worth of $6,416. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Snyders-Lance, Inc. is a national snack food company. The Company is engaged in the manufacturing, distribution, marketing and sale of snack food products. Its products include pretzels, sandwich crackers, kettle cooked chips, pretzel crackers, cookies, potato chips, tortilla chips, nuts, restaurant style crackers and other salty snacks. It purchases certain cake products and sells under its brands. The Companys brands include core brands, such as Snyders of Hanover, Lance, Cape Cod, Snack Factory, Pretzel Crisps and Late July and allied brands, such as Toms, Archway, Jays, Stella Doro, EatSmart, Krunchers! and O-Ke-Doke. The Companys Clearview Foods division combines Snack Factory, Pretzel Crisps, Late July, Organic Snacks and EatSmart brands. The Company also sells Partner brand products, which consist of other third-party branded products that the Company sells to its independent business owners (IBO) through its direct-store-delivery distribution network (DSD network).

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