Business

Noteworthy Stocks to Watch for: Bloomin’ Brands Inc (NASDAQ:BLMN), Pinnacle Foods Inc (NYSE:PF), Mead Johnson Nutrition CO (NYSE:MJN)

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Bloomin’ Brands Inc (NASDAQ:BLMN) increased +0.05% during last trading as the stock added $0.01 to finish the day at $19.32 with about 961,622.00 shares changing hands, compared to its three month average trading volume of 1.14M. The $2.16B market cap company, which fluctuated between $19.26 and $19.51 during the day, currently situated 31.10% above its 52 week low of $14.74 and -9.67% away from its one year high of $21.39. The RSI of 63.57 indicates the stock is overbought at the current levels, sell for now. Bloomin’ Brands, Inc. (Bloomin’ Brands) is a holding company engaged in operating casual dining restaurants. The Company has a portfolio of four restaurant concepts: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar.

Pinnacle Foods Inc (NYSE:PF) gained $0.21 to close the day at a new closing price of $50.64, a 0.42% increase in value from its previous closing price that moved the stock 35.36% above its 52 week low of $37.41. A total of 955,698.00 shares exchanged hands during the day compared with its three month average trading volume of 1.28M. The stock, which fluctuated between $50.31 and $50.72 during the day, currently situated -1.54% below its 52 week high. The stock is up by 4.76% in the past one month and up by 21.82% over the past three months. With a one year target estimate of $53.71 and RSI of 68.38, the stock still has upside potential, making it a hold for now. Pinnacle Foods Inc. is a manufacturer, marketer and distributor of branded food products in North America. The Company operates through three segments: the Birds Eye Frozen segment, the Duncan Hines Grocery segment and the Specialty Foods segment.

Mead Johnson Nutrition CO (NYSE:MJN) had a light trading with around 959,581.00 shares changing hands compared to its three month average trading volume of 1.25M. The stock traded between $85.62 and $86.13 before closing at the price of $85.90 with 0.02% change on the day. The company is currently trading 32.46% above its 52 week low of $64.85 and -9.00% below its 52 week high of $94.40. Both the RSI indicator and target price of 36.85 and $95.60 respectively, lead us to believe that it could drop over the coming weeks. Mead Johnson Nutrition Company (Mead Johnson) is a pediatric nutrition company. The Company manufactures, distributes and sells infant formulas, children’s nutrition and other nutritional products.

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