|More from: | Investopedia |||
Campbell Soup Company (CPB) shares fell to a six-year low in January, with shareholders hitting the exits after endless quarters of slumping profits, but the stock is now exhibiting unusual strength. This buying pressure looks like institutions rebuilding positions at a rapid pace, forecasting much higher prices in the coming months. There’s plenty of potential upside if this bullish tape continues, with the stock trading nearly 30 points under 2016’s all-time high at $67.89.
The canned food king has spent the first months of 2019 looking for ways to increase shareholder value, reacting to criticism by activist investor Dan Loeb. His Third Point hedge fund won control of two board seats in October, increasing leverage over the
About | Investopedia |
Investopedia is the world’s leading source of financial content on the web, with more than 30 million unique visitors and 90 million page views each month.
Wholly owned by IAC (NASDAQ: IAC), Investopedia is the largest financial education website in the world. Powered by a team of data scientists and financial experts, Investopedia offers timely, trusted and actionable financial information for every investor, from early investors to financial advisors to high net worth individuals. Investopedia is operated by IAC Publishing, a collection of some of the web’s largest and most trusted digital media brands. For the latest in financial news and information, visit www.investopedia.com.