SunOpta (STKL) : Traders are bullish on SunOpta (STKL) as it has outperformed the S&P 500 by a wide margin of 31.12% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 19.61%, 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 19.68% in the last 1 week, and is up 32.48% 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 21.74% and the 50-Day Moving Average is 34.89%. SunOpta (NASDAQ:STKL): stock turned positive on Friday. Though the stock opened at $6.39, the bulls momentum made the stock top out at $6.98 level for the day. The stock recorded a low of $6.34 and closed the trading day at $6.69, in the green by 4.86%. The total traded volume for the day was 1,600,273. The stock had closed at $6.38 in the previous days trading.
The company Insiders own 2.9% of SunOpta shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 9.66% . Institutional Investors own 78.54% of SunOpta shares. During last six month period, the net percent change held by insiders has seen a change of 21.03%.
SunOpta Inc. is a global company operating businesses focused on healthy products portfolio. The Company specializes in sourcing, processing and packaging of natural, organic and specialty food products. It operates in three segments: Global Ingredients, Consumer Products and Opta Minerals. It sources organic and non-genetically modified (non-GMO) crops from growers and suppliers. The Global Ingredients segment aggregates its North American-based Raw Material Sourcing and Supply and European-based International Sourcing and Supply operating segments. The Consumer Products segment manufactures and supplies branded and private label aseptic beverages; re-sealable pouch products; individually quick frozen (IQF) fruits and vegetables; fruit bases and toppings; juices; shelf stable juices and waters, and fruit- and grain-based snacks. The Opta Minerals segment processes, distributes and recycles industrial minerals; silica-free abrasives, and specialty sands.