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Consumer Edge Research Downgrades Campbells Co (CPB) to an Equal weight from an Overweight

Campbells Co’s recent filing unveils that its Executive Vice President Sanzio Anthony unloaded Company’s shares for reported $83805.0 on Jan 03 ’25. In the deal valued at $41.90 per share,2,000 shares were sold. As a result of this transaction, Sanzio Anthony now holds 16,551 shares worth roughly $0.64 million.

Then, Anthony Sanzio bought 2,000 shares, generating $83,800 in total proceeds.

Before that, Brawley Charles A. III bought 6,900 shares. Campbells Co shares valued at $295,113 were divested by the Officer at a price of $42.77 per share.

Consumer Edge Research downgraded its Campbells Co [CPB] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early March from “an Overweight” to “a Neutral”. Piper Sandler also remained covering CPB and has increased its forecast on November 14, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Bernstein revised its rating on October 07, 2024. It rated CPB as “an Outperform” which previously was an “a Mkt perform”.

Price Performance Review of CPB

On Tuesday, Campbells Co [NASDAQ:CPB] saw its stock fall -0.54% to $38.80. Over the last five days, the stock has lost -2.90%. Campbells Co shares have fallen nearly -7.35% since the year began. Nevertheless, the stocks have fallen -7.53% over the past one year. While a 52-week high of $52.81 was reached on 03/10/25, a 52-week low of $36.92 was recorded on 02/10/25. SMA at 50 days reached $39.21, while 200 days put it at $44.68.

Levels Of Support And Resistance For CPB Stock

The 24-hour chart illustrates a support level at 38.51, which if violated will result in even more drops to 38.23. On the upside, there is a resistance level at 39.21. A further resistance level may holdings at 39.63. The Relative Strength Index (RSI) on the 14-day chart is 45.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.37%. Stochastics %K at 11.65% indicates the stock is a buying.

How much short interest is there in Campbells Co?

A steep rise in short interest was recorded in Campbells Co stocks on 2025-02-28, growing by 1.16 million shares to a total of 17.54 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 16.38 million shares. There was a rise of 6.61%, which implies that there is a positive sentiment for the stock.

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