The stock of Lamb Weston Holdings Inc (NYSE:LW) hit a new 52-week high and has $34.98 target or 6.00% above today’s $33.00 share price. The 6 months bullish chart indicates low risk for the $4.75 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $34.98 price target is reached, the company will be worth $285.00 million 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 1.33M shares traded hands. Lamb Weston Holdings Inc (NYSE:LW) has risen 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.
According to Zacks Investment Research, “Lamb Weston Holdings, Inc. is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers. Lamb Weston Holdings, Inc. is headquartered in Eagle, Idaho.”
More news for Lamb Weston Holdings Inc (NYSE:LW) were recently published by: Moodys.com, which released: “Moody’s assigns Ba2 CFR to Lamb Weston with stable outlook” on October 26, 2016. Forbes.com‘s article titled: “ConAgra Foods To Spin-Off Lamb Weston On November 9, 2016” and published on October 12, 2016 is yet another important article.
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