Flowers Foods Inc. (FLO) Moves Lower on Volume Spike for May 02

Equities Staff  |

Flowers Foods Inc. (FLO) traded on unusually high volume on May. 02, as the stock lost 3.67% to close at $18.65. On the day, Flowers Foods Inc. saw 2.48 million shares trade hands on 14,384 trades. Considering that the stock averages only a daily volume of 1.09 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $21.00 and $14.35 over the last 52-weeks, its 50-day SMA is now $19.41, and its 200-day SMA $17.49. Flowers Foods Inc. has a P/B ratio of 3.23. It also has a P/E ratio of 25.1.

Flowers Foods Inc is a producer and marketer of packaged bakery foods. It consists of two business segments direct-store-delivery and warehouse delivery. Its brands include Nature's Own, Whitewheat, Wonder Bread,Cobblestone Bread Co., among others.

Headquartered in Thomasville, GA, Flowers Foods Inc. has 10,800 employees and is currently under the leadership of CEO Allen L. Shiver.

For a complete fundamental analysis analysis of Flowers Foods Inc., check out Equities.com’s Stock Valuation Analysis report for FLO.

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To get more information on Flowers Foods Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: FLO’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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