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Is J M Smucker Co (SJM) Stock About to Get Hot Tuesday?

Tuesday, November 28, 2023 03:36 PM | InvestorsObserver Analysts

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Is J M Smucker Co (SJM) Stock About to Get Hot Tuesday?

Overall market sentiment has been down on J M Smucker Co (SJM) stock lately. SJM receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
J M Smucker Co has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SJM!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With SJM Stock Today?

J M Smucker Co (SJM) stock is trading at $109.69 as of 3:36 PM on Tuesday, Nov 28, a drop of -$1.41, or -1.27% from the previous closing price of $111.10. The stock has traded between $109.59 and $111.31 so far today. Volume today is less active than usual. So far 674,794 shares have traded compared to average volume of 1,332,293 shares. To screen for more stocks like J M Smucker Co click here.

More About J M Smucker Co

J.M. Smucker is a packaged food company that primarily operates in the U.S. retail channel (87% of fiscal 2022 revenue), but also in U.S. food-service (7%), and international (6%). Its largest segment is pet food and treats (36% of 2022 revenue), with popular brands such as Milk-Bone, Meow Mix, 9Lives, Kibbles 'n Bits, Nature's Recipe, and Rachael Ray Nutrish. Its second-largest category is coffee (35% across channels) with the number-two brand Folgers and number-six Dunkin'. Other large categories are peanut butter (10%), with number-one Jif, fruit spreads (5%) with number-one Smucker's, and frozen hand-held foods (6%) with number-one Uncrustables. Click Here to get the full Stock Report for J M Smucker Co stock.

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