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Bernstein Upgrades Campbell Soup Co (CPB) to an Outperform from a Mkt perform

In a filing, Campbell Soup Co revealed its Officer ANTHONY SANZIO acquired Company’s shares for reported $0.19 million on Oct 03 ’24. In the deal valued at $46.88 per share,4,000 shares were bought.

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Then, Polomski Stanley sold 13,440 shares, generating $649,690 in total proceeds. Upon selling the shares at $48.34, the Senior VP and Controller now owns 39,099 shares.

Before that, Stanley Polomski bought 13,440 shares. Campbell Soup Co shares valued at $649,672 were divested by the Officer at a price of $48.34 per share.

Bernstein upgraded its Campbell Soup Co [CPB] rating to an Outperform from a a Mkt perform in a research note published on October 07, 2024; the price target was increased to $58 from $55. A number of analysts have revised their coverage, including DA Davidson’s analysts, who decreased its forecast for the stock in late September from “a Buy” to “a Neutral”. Argus also remained covering CPB and has increased its forecast on September 20, 2024 with a “Buy” recommendation from previously “Hold” rating. JP Morgan revised its rating on June 26, 2024. It rated CPB as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of CPB

On Tuesday, Campbell Soup Co [NASDAQ:CPB] saw its stock jump 0.78% to $46.74. Over the last five days, the stock has lost -0.04%. Campbell Soup Co shares have risen nearly 8.12% since the year began. Nevertheless, the stocks have risen 14.03% over the past one year. While a 52-week high of $52.81 was reached on 09/10/24, a 52-week low of $39.65 was recorded on 02/14/24. SMA at 50 days reached $48.89, while 200 days put it at $45.91.

Levels Of Support And Resistance For CPB Stock

The 24-hour chart illustrates a support level at 46.28, which if violated will result in even more drops to 45.83. On the upside, there is a resistance level at 47.02. A further resistance level may holdings at 47.31. The Relative Strength Index (RSI) on the 14-day chart is 40.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.86%. Stochastics %K at 14.70% indicates the stock is a buying.

How much short interest is there in Campbell Soup Co?

A steep rise in short interest was recorded in Campbell Soup Co stocks on 2024-10-15, dropping by -2.32 million shares to a total of 13.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 15.95 million shares. There was a decline of -17.06%, which implies that there is a negative sentiment for the stock.

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