Fresh Del Monte Produce Inc. (FDP) Moves Higher on Volume Spike for October 04

Equities Staff  |

Fresh Del Monte Produce Inc. (FDP) traded on unusually high volume on Oct. 04, as the stock gained 0.53% to close at $32.55. On the day, Fresh Del Monte Produce Inc. saw 239,795 shares trade hands on 2,992 trades. Considering that the stock averages only a daily volume of 157,849 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 $52.43 and $32.13 over the last 52-weeks, its 50-day SMA is now $37.20, and its 200-day SMA $44.04. Fresh Del Monte Produce Inc. has a P/B ratio of 0.89. It also has a P/E ratio of 39.5.

Fresh Del Monte Produce Inc is a vertically integrated producers, marketers and distributors of fresh and fresh-cut fruit and vegetables. It is also produces and distributes prepared fruit and vegetables, juices, beverages and snacks.

Headquartered in Grand Cayman, , Fresh Del Monte Produce Inc. has 42,000 employees and is currently under the leadership of CEO Mohammad Abu-Ghazaleh.

For a complete fundamental analysis analysis of Fresh Del Monte Produce Inc., check out Equities.com’s Stock Valuation Analysis report for FDP.

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To get more information on Fresh Del Monte Produce Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: FDP’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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