Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. The J. M. Smucker Company shares valued at $639,791 were sold by Penrose Jill R on Sep 07. At $140.83 per share, Penrose Jill R sold 4,543 shares. The insider’s holdings dropped to 9,106 shares worth approximately $1.35 million following the completion of this transaction.
Do You Own These 7 Inflation-Survival Stocks?
Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.
Click here to get your free copy of the report
Also, SMUCKER MARK T sold 10,000 shares, netting a total of over 1,430,200 in proceeds. Following the sale of shares at $143.02 each, the insider now holds 86,649 shares.
Before that, SMUCKER RICHARD K had sold 20,000 shares from its account. In a trade valued at $2,845,600, the Director traded The J. M. Smucker Company shares for $142.28 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $93.88 million.
As published in a research note from BofA Securities on August 17, 2022, The J. M. Smucker Company [SJM] has been rated up from a Neutral to a Buy and the price target has been revised to $155 from $145. This represents a 4.01% premium over Thursday’s closing price. Analysts at Consumer Edge Research downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in mid June. As of March 30, 2022, UBS has initiated its “Sell” rating for SJM. Earlier on November 09, 2021, Guggenheim upgraded its rating. Their new recommendation was “a Buy” for SJM stock which previously was a “a Neutral”.
Analyzing SJM Stock Performance
On Thursday, The J. M. Smucker Company [NYSE: SJM] plunged -0.32% to $148.78. The stock’s lowest price that day was $146.94, but it reached a high of $149.67 in the same session. During the last five days, there has been a surge of approximately 0.06%. Over the course of the year, The J. M. Smucker Company shares have jumped approximately 9.54%. Shares of the company reached a 52-week high of $152.16 on 10/31/22 and a 52-week low of $119.82 on 06/02/22. A 50-day SMA is recorded $141.81, while a 200-day SMA reached $135.93. Nevertheless, trading volume fell to 0.78 million shares from 0.7 million shares the previous day.
Support And Resistance Levels for The J. M. Smucker Company (SJM)
According to the 24-hour chart, there is a support level at 147.26, which, if violated, would cause prices to drop to 145.73. In the upper region, resistance lies at 149.99. The next price resistance is at 151.19. RSI (Relative Strength Index) is 63.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.03, which suggests the price will increase in the coming days. Percent R is at 27.17%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is The J. M. Smucker Company subject to short interest?
Stocks of The J. M. Smucker Company saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.81 million shares to 4.77 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 6.58 million shares. A decline of -37.95% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.45 of the overall float, the days-to-cover ratio (short ratio) decline to 5.45.
Which companies own the most shares of The J. M. Smucker Company (SJM)?
According to The Vanguard Group, Inc. filings, the company currently owns 12,497,612 shares, which is about 11.73% of the total SJM shares outstanding. The investor’s shares have appreciated by 213,492 from its previous 13-F filing of 12284120.0 shares. With the completion of the sale transaction, SSgA Funds Management, Inc.’s stake is now worth $1,046,601,815. BlackRock Fund Advisors acquire a 1.17% interest valued at $863.57 million while Geode Capital Management LLC purchased a 51,409 stake. A total of -617,509 shares of The J. M. Smucker Company were bought by LSV Asset Management during the quarter, and -86,419 were sold by Massachusetts Financial Services. In its current portfolio, Invesco Capital Management LLC holds 1,630,955 shares valued at $224.11 million.