The stock of Hostess Brands, Inc. (NASDAQ:TWNK) reached all time high today, Nov, 16 and still has $15.13 target or 22.00% above today’s $12.40 share price. This indicates more upside for the $1.20B company. This technical setup was reported by Barchart.com. If the $15.13 PT is reached, the company will be worth $264.00M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 274,996 shares traded hands. Hostess Brands, Inc. (NASDAQ:TWNK) has risen 26.15% since April 14, 2016 and is uptrending. It has outperformed by 21.47% the S&P500.
According to Zacks Investment Research, “Gores Holdings, Inc. is a blank check company. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. Gores Holdings, Inc. is based in Beverly Hills, California.”
More notable recent Hostess Brands, Inc. (NASDAQ:TWNK) news were published by: Wsj.com which released: “Hostess Brands, Maker of Twinkies, Swings to Quarterly Profit” on November 10, 2016, also Wsj.com with their article: “Hostess Brands, Purveyor of Twinkies and Ho-Hos, Returning to Wall Street” published on November 04, 2016, Fortune.com published: “Hostess Brands Returns to Wall Street” on November 07, 2016. More interesting news about Hostess Brands, Inc. (NASDAQ:TWNK) were released by: Nytimes.com and their article: “Hostess Brands, Maker of Twinkies, to Get a New Owner” published on July 05, 2016 as well as Kansascity.com‘s news article titled: “Twinkies fans: You can now own a piece of Hostess Brands” with publication date: November 08, 2016.
TWNK Company Profile
Hostess Brands, LLC, formerly Gores Holdings, Inc., incorporated on June 1, 2015, is a blank check company. The Firm was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
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