This share seems to be in a constant upward spiral - the slowest re-rating I have seen in a long time? Price $119.58 @ 5 Sep 17
Coca-cola have taken over a competitor, taking the heat out of takeover speculation, and the CEO has attacked markets for pulling the price down. Didn't see him moaning when the shares were flying?
Why would you criticise the markets just because you have seen a bit of profit taking? Didn't see the CEO complaining when the market rally was increasing the value of his 75% holding? Maybe if there was a larger free float of shares the price movements would not be so volatile?
Recent news:- National Beverage falls flat Finally, shares of National Beverage dropped nearly 11%. The maker of Shasta soda and LaCroix sparkling water released its fiscal second-quarter results on Thursday morning, which included 20% higher revenue and a nearly 40% jump in net income. Yet analysts weighed in against the stock on Friday, including calls for slower growth and an underperform rating from analysts at Credit Suisse, as well as a reiterated sell rating on the stock from Maxim. Despite comments from CEO Nick Caporella fighting back against naysayers and asserting that third parties are making efforts to manipulate the stock deliberately, bearish investors believe that National Beverage is unlikely to draw acquisition interest, and slowing growth in LaCroix's sales could pull down the company's overall expansion.
This all started when the CEO was complaining about market movements on small volumes - he wasnt complaining when the shares were going up? If he wants to increase liquidity (I think he is the largest shareholder), might he not be better selling a few of his shares?
Oh how the might have fallen! If only yhe CEO had not been critical of investors on the way down after lapping it all up on the way up. This brought yet more focus on the company and the lack of free share float which no doubt assisted with the rise but was of little use when the shares began to fall out of favour.
This one has sneaked up on the sidelines after the CEO had a go at the market last year for the volatile share price. Back up to $109. On the chart it looks as though $115 is a big resistance level - interesting times again. Maybe this time the CEO will take more of a back seat and not bite the hand that feeds him
Interesting to see come institutional shareholders reducing their shareholdings while others are happy to pick up stock. New $125 target price doesnt leave much profit from here in the short term? But then again there is another broker target price of $148. https://stocknewstimes.com/2018/06/25/bidaskclub-upgrades-national-beverage-fizz-to-buy-2.html
