Pre-Market Technical Pulse on Processed & Packaged Goods Stocks -- Hostess Brands, AdvancePierre Foods, Snyder's-Lance, and SunOpta
NEW YORK, June 9, 2017 /PRNewswire/ --
Processed and Packaged Goods companies are often structured as corporations, and operate in a highly competitive environment. Companies of this type tend to offer average dividend yields. Ahead of today's trading session, DailyStockTracker.com covers the current performances of these four stocks: Hostess Brands Inc. (NASDAQ: TWNK), AdvancePierre Foods Holdings Inc. (NYSE: APFH), Snyder's-Lance Inc. (NASDAQ: LNCE), and SunOpta Inc. (NASDAQ: STKL). Sign up today on DailyStockTracker.com and download our free research reports on these featured stocks at:
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Hostess Brands
Kansas City, Missouri-based Hostess Brands Inc.'s stock finished Thursday's session 1.61% lower at $16.46 with a total trading volume of 1.32 million shares. The Company's shares have advanced 3.33% in the past month, 4.51% in the previous three months, and 26.62% since the start of this year. The stock is trading 1.84% above its 50-day moving average and 19.65% above its 200-day moving average. Additionally, shares of Hostess Brands, which engages in developing, manufacturing, marketing, selling, and distributing fresh baked sweet goods in the US, have a Relative Strength Index (RSI) of 54.16.
On May 22nd, 2017, Hostess Brands announced the repricing of its existing First Lien Term Loan. Under the transaction, the Company's First Lien Term Loan was re-priced from LIBOR plus 3.00% to LIBOR plus 2.50%. In addition to the 50 basis points reduction to the interest rate, the LIBOR floor was reduced to 75 basis points from 100 basis points. No covenants were changed, and the First Lien Term Loan continues to have a maturity date of August 03rd, 2022. TWNK complete research report is just a click away at:
http://dailystocktracker.com/registration/?symbol=TWNK
AdvancePierre Foods
On Thursday, shares in Blue Ash, Ohio headquartered AdvancePierre Foods Holdings Inc. recorded a three months average volume of 1.29 million shares. The stock ended the session flat at $40.25. The Company's shares have advanced 38.94% in the previous three months and 35.16% on an YTD basis. The stock is trading 8.35% above its 50-day moving average and 34.16% above its 200-day moving average. Moreover, shares of AdvancePierre Foods, which produces and distributes ready-to-eat sandwiches, sandwich components, and other entrees and snacks, have an RSI of 80.48.
On May 09th, 2017, research firm Wells Fargo downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. The complimentary report on APFH can be downloaded at:
http://dailystocktracker.com/registration/?symbol=APFH
Snyder's-Lance
Charlotte, North Carolina headquartered Snyder's-Lance Inc.'s shares closed the day 0.75% lower at $36.92. The stock recorded a trading volume of 406,038 shares. The Company's shares have gained 4.92% in the last month. The stock is trading 0.17% above its 50-day moving average. Additionally, shares of Snyder's-Lance, which manufactures, distributes, markets, and sells snack food products in the US, have an RSI of 47.74.
On May 23rd, 2017, Snyder's-Lance introduced its first multi-brand snack pack featuring great taste and better ingredients to meet explosive consumer demand for better snacking options. The Company is combining its portfolio of category brand leaders into four, new variety pack offerings, activating a $1.5-billion segment experiencing strong year-over-year growth. Sign up for your complimentary report on LNCE at:
http://dailystocktracker.com/registration/?symbol=LNCE
SunOpta
Shares in Brampton, Canada headquartered SunOpta Inc. finished 4.23% higher at $9.85. The stock recorded a trading volume of 553,409 shares. The Company's shares have advanced 34.01% in the last one month, 40.71% in the previous three months, and 39.72% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 26.49% and 36.72%, respectively. Furthermore, shares of SunOpta, which manufactures and markets natural and organic food products and environmental mineral products, have an RSI of 72.57.
On May 25th, 2017, SunOpta announced the list of individuals elected as directors of the Company at its annual and special meeting of shareholders held on May 24th, 2017. The newly elected directors will hold offices until the next annual meeting of shareholders or until their successors are appointed. Download the research report for free on STKL at:
http://dailystocktracker.com/registration/?symbol=STKL
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