Cal-Maine Foods Inc (CALM)’s Trend Down, Especially After Today’s Yearly Low Hit

July 17, 2017 - By Louis Casey

Investors sentiment decreased to 0.66 in Q4 2016. Its down 0.08, from 0.74 in 2016Q3. It dropped, as 42 investors sold Cal-Maine Foods Inc shares while 89 reduced holdings. 37 funds opened positions while 50 raised stakes. 28.03 million shares or 0.50% more from 27.89 million shares in 2016Q3 were reported.
Tradewinds Lc owns 0% invested in Cal-Maine Foods Inc (NASDAQ:CALM) for 50 shares. Mondrian Invest Prtn Ltd reported 59,765 shares or 0.08% of all its holdings. Texas-based Next Grp has invested 0% in Cal-Maine Foods Inc (NASDAQ:CALM). Dimensional Fund L P reported 0.02% stake. Commercial Bank Of Montreal Can holds 0% or 3,187 shares. Moreover, Rhumbline Advisers has 0.01% invested in Cal-Maine Foods Inc (NASDAQ:CALM). Barclays Public stated it has 0% in Cal-Maine Foods Inc (NASDAQ:CALM). Oakworth has invested 0% in Cal-Maine Foods Inc (NASDAQ:CALM). Jpmorgan Chase And holds 114,254 shares or 0% of its portfolio. Commonwealth Equity accumulated 47,599 shares or 0.02% of the stock. Adams Asset Advsr holds 0.13% in Cal-Maine Foods Inc (NASDAQ:CALM) or 23,103 shares. Deutsche Commercial Bank Ag has invested 0% of its portfolio in Cal-Maine Foods Inc (NASDAQ:CALM). 6,816 are held by Citadel Advisors Llc. Sprott accumulated 0.7% or 185,456 shares. 8,493 were accumulated by Spot Trading Limited Liability Co.

Since January 20, 2017, it had 0 insider purchases, and 2 selling transactions for $136,636 activity. 1,000 Cal-Maine Foods Inc (NASDAQ:CALM) shares with value of $43,510 were sold by HUGHES LETITIA CALLENDER. $93,126 worth of Cal-Maine Foods Inc (NASDAQ:CALM) was sold by Poole James E.

The stock of Cal-Maine Foods Inc (NASDAQ:CALM) hit a new 52-week low and has $33.49 target or 5.00 % below today’s $35.25 share price. The 9 months bearish chart indicates high risk for the $1.69B company. The 1-year low was reported on Jul, 17 by Barchart.com. If the $33.49 price target is reached, the company will be worth $84.50 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

About 291,977 shares traded. Cal-Maine Foods Inc (NASDAQ:CALM) has declined 14.94% since July 17, 2016 and is downtrending. It has underperformed by 31.64% the S&P500.

Cal-Maine Foods Inc (NASDAQ:CALM) Ratings Coverage

Among 3 analysts covering Cal-Maine Foods (NASDAQ:CALM), 0 have Buy rating, 2 Sell and 1 Hold. Therefore 0 are positive. Cal-Maine Foods had 9 analyst reports since August 31, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, September 1 by Zacks. Goldman Sachs downgraded the stock to “Sell” rating in Friday, June 16 report. As per Monday, August 31, the company rating was upgraded by BB&T Capital. The stock of Cal-Maine Foods Inc (NASDAQ:CALM) has “Neutral” rating given on Thursday, November 10 by Goldman Sachs. The firm earned “Neutral” rating on Tuesday, March 29 by DA Davidson. The stock has “Underperform” rating by DA Davidson on Monday, May 9. The firm has “Buy” rating given on Wednesday, December 2 by DA Davidson. On Thursday, June 16 the stock rating was upgraded by BB&T Capital to “Hold”. BB&T Capital downgraded the stock to “Hold” rating in Monday, October 5 report.

More notable recent Cal-Maine Foods Inc (NASDAQ:CALM) news were published by: Fool.com which released: “Why Cal-Maine Foods, Inc. Stock Fell 16.1% in September” on October 12, 2016, also Seekingalpha.com with their article: “Cal-Maine Foods’ Stock Price Has Been On The Move As Egg Demand Has Increased” published on April 21, 2017, Seekingalpha.com published: “Cal-Maine Foods: Egg Prices Will Take Longer To Normalize” on May 18, 2017. More interesting news about Cal-Maine Foods Inc (NASDAQ:CALM) were released by: Seekingalpha.com and their article: “What’s Driving The Recent Cal-Maine Stock Price Upswing?” published on May 24, 2017 as well as Seekingalpha.com‘s news article titled: “Cal-Maine Foods – An Egg-Ceptional Buying Opportunity” with publication date: December 23, 2016.

Cal-Maine Foods, Inc. is a producer and marketer of shell eggs in the United States. The company has market cap of $1.69 billion. The Firm operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It currently has negative earnings. It offers shell eggs, including specialty and non-specialty eggs.

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