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3 Notable Runners: Mead Johnson Nutrition Company (MJN), Prudential Financial, Inc. (PRU), Norfolk Southern Corporation (NSC)

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Mead Johnson Nutrition Company (MJN) managed to rebound with the stock climbing 2.08% or $1.55 to close the day at $76.2 on higher than average trading volume of 2.46M shares, compared to its three month average trading volume of 1.57M. The Glenview Illinois 60026 based company has been underperforming the processed & packaged goods companies by -12.5814% for last three months and its recent losses have pulled the stock down -1.95% YTD, versus the processed & packaged goods industry which is up 9.01% for the same period. The RSI of 37.76 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Mead Johnson Nutrition Company manufactures, distributes, and sells infant formulas, children’s nutrition, and other nutritional products. It offers routine infant formula products as a breast milk substitute for healthy infants for use as the infant’s source of nutrition, as well as a supplement to breastfeeding under the Enfamil Premium, Enfapro Premium, Enfalac A+, and Enfamil A+ names; and solutions products to address common feeding tolerance problems, including spit-up, fussiness, gas, and lactose intolerance under the Enfamil Gentlease, Enfamil A.R., Enfamil ProSobee, and Enfamil LactoFree names. The company also provides specialty formula products, including formulas for addressing special medical needs, such as Nutramigen for cow’s milk protein allergies, as well as Puramino, an amino acid formula for cow’s milk protein allergies or multiple other food allergies; Enfamil Premature to meet the needs of premature and low birth weight infants; EnfaCare, a hypercaloric formula for premature babies at home; and produces medical foods for nutritional management of individuals with rare, inborn errors of metabolism comprising maple syrup urine disease and phenylketonuria. In addition, it offers children’s nutrition products comprising products for meeting children’s nutritional needs at toddlers and older children stage, as well as offer milk modifiers under the Enfagrow, Sustagen, Lactum, ChocoMilk, and Cal-C-Tose names; a range of other products, including pre-natal and post-natal nutritional supplements for expectant and nursing mothers under the Expecta and EnfaMama names; and pediatric vitamin products under the Enfamil Poly-Vi-Sol name, as well as multivitamins and iron supplements for infants. The company sells its products to mothers, health care professionals, and retailers in approximately 50 countries in Asia, North America, Latin America, and Europe. Mead Johnson Nutrition Company was founded in 1905 and is headquartered in Glenview, Illinois.

Prudential Financial, Inc. (PRU) had a light trading with around 2.46M shares changing hands compared to its three month average trading volume of 2.47M. The stock traded between $83.84 and $85.49 before closing at the price of $84.5 with -0.32% change on the day. The Newark New Jersey 07102 based company is currently trading 52.08% above its 52 week low of $57.19 and -1.68% below its 52 week high of $88.77. Both the RSI indicator and target price of 58.59 and $86.79 respectively, lead us to believe that it should be put on hold over the coming weeks.

Prudential Financial, Inc., through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It offers primarily life insurance, annuities, retirement-related, mutual funds, and investment management products and services. The company operates through U.S. Retirement Solutions and Investment Management, U.S. Individual Life and Group Insurance, and International Insurance divisions. The U.S. Retirement Solutions and Investment Management division provides individual variable and fixed annuity products; and recordkeeping, plan administration, actuarial advisory, tailored participant education and communication, trustee, and institutional and retail investment services. It also offers brokerage services; guaranteed investment contracts, funding agreements, structured settlement annuities, and other group annuities; and investment management and advisory services to the public and private marketplace. The U.S. Individual Life and Group Insurance division provides individual variable, term, and universal life insurance products to mass middle, mass affluent, and affluent markets; group life; long-term and short-term group disability; and group corporate, bank, and trust-owned life insurance products to institutional clients. It also sells accidental death and dismemberment, and other ancillary coverages; and offers plan administrative services. The International Insurance division provides individual life insurance, retirement, and related products. The company serves individual and institutional customers through third-party broker-dealers, independent financial planners, financial professionals, third-party financial advisors, brokers, benefits consultants, sales force, wire houses, banks, general agencies, producer groups, life planners, and life consultants. Prudential Financial, Inc. was founded in 1875 and is headquartered in Newark, New Jersey.

Norfolk Southern Corporation (NSC) traded within a range of $91.36 to $93.16 after opening the day at $91.51. The company has seen its stock increase in value by 11.53% so far this year. The stock was up close to 1.01% on active volume in last trading session and closed at $92.27 per share. After the recent gain, the stock is currently holding -5.67% below its 52 week high of $98.75 and 44.95% above its 12-month low of $64.51. The shares are up by over 4.9% in the last three months, and the RSI indicator value of 43.58 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. It also transports overseas freight through various Atlantic and Gulf Coast ports; provides logistics services; and operates scheduled passenger trains. In addition, the company engages in the acquisition, leasing, and management of coal, oil, gas, and minerals; development of commercial real estate; telecommunications; and leasing or sale of rail property and equipment. As of March 1, 2016, it operated approximately 20,000 miles of road in 22 states and the District of Columbia. The company was founded in 1883 and is based in Norfolk, Virginia.

 

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