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J M Smucker Co (SJM) Stock: What Does the Chart Say Monday?

Monday, March 11, 2024 03:42 PM | InvestorsObserver Analysts

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J M Smucker Co (SJM) Stock: What Does the Chart Say Monday?

J M Smucker Co (SJM) stock has fallen 0.30% over the past week and gets a Bearish rating from InvestorsObserver 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?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With SJM Stock Today?

J M Smucker Co (SJM) stock is higher by 1.7% while the S&P 500 has fallen -0.16% as of 3:39 PM on Monday, Mar 11. SJM has risen $2.03 from the previous closing price of $119.56 on volume of 551,500 shares. Over the past year the S&P 500 has gained 32.67% while SJM has fallen -18.89%. SJM lost -$0.85 per share in the over the last 12 months. 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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