Stock Mover of the Day: Could Central Garden & Pet Co Change Direction After Touching 52-Week High?

Stock Mover of the Day: Could Central Garden & Pet Co Change Direction After Touching 52 Week High?

The stock of Central Garden & Pet Co (NASDAQ:CENTA) hit a new 52-week high and has $29.96 target or 6.00% above today’s $28.26 share price. The 7 months bullish chart indicates low risk for the $1.46B company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $29.96 price target is reached, the company will be worth $87.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 77,064 shares traded hands. Central Garden & Pet Co (NASDAQ:CENTA) has risen 81.95% since April 22, 2016 and is uptrending. It has outperformed by 76.54% the S&P500.

Analysts await Central Garden & Pet Co (NASDAQ:CENTA) to report earnings on December, 5.

According to Zacks Investment Research, “CENTRAL GARDEN & PET COMPANY is a leading innovator, marketer and producer of quality branded products for the pet and lawn and garden supplies markets. The pet products include pet bird and small animal food, aquarium products, flea, tick, mosquito and other pest control products, edible bones, cages, carriers, pet books, and other dog, cat, reptile and small animal products. These products are sold under a number of brand names, including Kaytee, All-Glass Aquarium, Oceanic, Kent Marine, Zodiac, Pre-Strike, Altosid, Nylabone, TFH and Four Paws. The lawn and garden products include grass seed, wild bird food, weed and insect control products, decorative outdoor patio products and ant control products. These products are sold under a number of brand names, including Pennington, Norcal Pottery, New England Pottery, GKI/Bethlehem Lighting, Lilly Miller, Matthews Four Seasons, AMDRO and Grant’s.”

More important recent Central Garden & Pet Co (NASDAQ:CENTA) news were published by: Businesswire.com which released: “Central Garden & Pet Company to Announce Fourth Quarter and Fiscal 2016 …” on November 25, 2016, also Streetinsider.com published article titled: “Central Garden & Pet Company (CENTA) Acquires Segrest in $60M Deal”, Businesswire.com published: “Central Garden & Pet Names George C. Roeth Chief Executive Officer” on May 04, 2016. More interesting news about Central Garden & Pet Co (NASDAQ:CENTA) was released by: Businesswire.com and their article: “Central Garden & Pet Announces Executive Appointments” with publication date: October 06, 2016.

CENTA Company Profile

Central Garden & Pet Company, incorporated on May 13, 1992, is a marketer and producer of branded products, and distributor of third party products in the pet, and lawn and garden supplies industries. The Company’s divisions are Pet and Garden. The Company’s Pet segment is engaged in the manufacturing, purchase, sale and delivery of internally and externally produced pet supplies, books and food principally to independent pet distributors, national and regional retail chains, grocery stores, mass merchants and bookstores. The Company’s Garden segment is engaged in the manufacturing, designing and distributing of lawn and garden products to national and regional retail chains, independent garden distributors, grocery stores, nurseries and garden supply retailers.

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