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Stock Market & Financial Investment News

News Breaks
May 19, 2014
13:40 EDTCPBCampbell Soup falls on outlook, testing support
The shares hit an intraday low at $41.92 before bouncing to test at the $44 area. The latter is an important level as it has provided support numerous times since early March. A sharper break below $44 would therefore likely be bearish for price. Next support based on the current price of $43.88 is at $42.85 and then the session low. Resistance is at $44.64.
News For CPB From The Last 14 Days
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August 31, 2015
06:31 EDTCPBCampbell Soup's turnaround plans saw limited payoff, WSJ reports
Campbell Soup's recent embrace of simpler, more natural products has seen limited payoff, the Wall Street Journal reports. Consumers are increasingly avoiding canned and boxed foods, which caused Campbell in July to lower expectation for long-term sales growth to between 1%-3% from its previous target of 3%-4%, while analysts from Thomson Reuters expect the company to report that sells fell 2% in FY15, the report says. Campbell Soup has been acquiring fresher brands and aggressively cutting costs, but certain analysts have difficulty seeing a clear timetable for improvement, the report says. Reference Link

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