Fresh Del Monte Produce Inc. (FDP) Moves Lower on Volume Spike for September 18

Equities Staff  |

Fresh Del Monte Produce Inc. (FDP) traded on unusually high volume on Sep. 18, as the stock lost 1.15% to close at $31.07. On the day, Fresh Del Monte Produce Inc. saw 338,066 shares trade hands on 2,723 trades. Considering that the stock averages only a daily volume of 207,002 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 $36.57 and $22.98 over the last 52-weeks, its 50-day SMA is now $27.41, and its 200-day SMA $28.35. Fresh Del Monte Produce Inc. has a P/B ratio of 0.86. It also has a P/E ratio of 83.5.

Fresh Del Monte Produce Inc produces, markets, and distributes fresh fruit and vegetables internationally. Additionally, it prepares and distributes juices, beverages, and snacks. The products are shipped to retail stores, foodservice operators, wholesalers, and other distributors. The company owns a trucking company and uses asset-based carriers to deliver by land, and utilizes its fleet of ships mixed with chartered refrigerated vessels to deliver by sea. Fresh Del Monte Produce incorporates a worldwide salesforce to conduct selling and marketing, and has strategically constructed distribution centers around the world to deliver its products.

Headquartered in Grand Cayman, , Fresh Del Monte Produce Inc. has 40,500 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’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’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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:



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