Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Campbell Soup Company shares valued at $2,123,948 were sold by Ciongoli Adam G. on Dec 21. At $56.86 per share, Ciongoli Adam G. sold 37,354 shares. The insider’s holdings dropped to 99,385 shares worth approximately $5.11 million following the completion of this transaction.
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Also, Ciongoli Adam G. sold 44,232 shares, netting a total of over 2,497,339 in proceeds. Following the sale of shares at $56.46 each, the insider now holds 136,739 shares.
Before that, Sanzio Anthony had sold 1,800 shares from its account. In a trade valued at $100,980, the Executive Vice President traded Campbell Soup Company shares for $56.10 each. Upon closing the transaction, the insider’s holdings decreased to 1,800 shares, worth approximately $0.65 million.
Analyzing CPB Stock Performance
On Thursday, Campbell Soup Company [NYSE: CPB] plunged -0.27% to $51.46. The stock’s lowest price that day was $50.85, but it reached a high of $51.505 in the same session. During the last five days, there has been a drop of approximately -2.63%. Over the course of the year, Campbell Soup Company shares have dropped approximately -9.32%. Shares of the company reached a 52-week high of $57.24 on 01/09/23 and a 52-week low of $49.85 on 02/03/23. A 50-day SMA is recorded $54.20, while a 200-day SMA reached $52.38. Nevertheless, trading volume fell to 1.99 million shares from 1.7 million shares the previous day.
Support And Resistance Levels for Campbell Soup Company (CPB)
According to the 24-hour chart, there is a support level at 51.04, which, if violated, would cause prices to drop to 50.62. In the upper region, resistance lies at 51.69. The next price resistance is at 51.93. RSI (Relative Strength Index) is 30.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.51, which suggests the price will decrease in the coming days. Percent R is at 85.46%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Campbell Soup Company subject to short interest?
Stocks of Campbell Soup Company saw a sharp rise in short interest on Apr 27, 2023 jumping by 20000.0 shares to 12.8 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 12.78 million shares. A jump of 0.16% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 7.09 of the overall float, the days-to-cover ratio (short ratio) jumped to 7.09.
Which companies own the most shares of Campbell Soup Company (CPB)?
According to The Vanguard Group, Inc. filings, the company currently owns 23,240,732 shares, which is about 7.76% of the total CPB shares outstanding. The investor’s shares have appreciated by 243,413 from its previous 13-F filing of 22997319.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $674,353,003. SSgA Funds Management, Inc. reduced a -1.48% interest valued at $577.91 million while Beutel, Goodman & Co. Ltd. purchased a 121,976 stake. A total of 49,905 shares of Campbell Soup Company were bought by Geode Capital Management LLC during the quarter, and -150,185 were sold by Invesco Capital Management LLC. In its current portfolio, Brandywine Group Advisors, Inc. holds 3,881,663 shares valued at $210.77 million.