Italian stock alert
CLOSING UPDATE: Davide Campari- Milano increased 1.6%, led Food/beverage/tobacco sector higher all day 26 July 2017 19:17 CEST
NEWS BITES - EUROPE
This is an end of day Alert, produced after today's Italian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
Davide Campari- Milano, Italy's largest food/beverage/tobacco company by market capitalisation, has increased 1.6% to trade at EUR6.28 vs. the Food/beverage/tobacco sector which strengthened 483.2 points (or 1%) to 50,922.9. Representing a weighting of about 52.6% of the sector, the stock accounted for 88.7% of today's gain. Trading volume was 1.2 times average at the end of the day. Compared with the FTSE MIB Index which rose 120.1 points (or 0.6%) in the day, this represented a relative price increase of 1.1%.
Technical indicators complementing today's significant uptrend:
+ The positive 0.01 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ The 2.0% discount to 12-month high of EUR6.41 against the 51.3% premium to 12-month low of EUR4.15 suggests the stock continues to push for new highs.
+ In the last three months the stock has hit a new 52-week high thirteen times, pointing to a significant uptrend.
+ The price increased 1.3% in the last week and 0.3% in the last month.
Fundamental measures by comparison with the sector average [in brackets] indicate:
+ Dividend yield of 0.7% [0.7%]
Afternoon Alert: Davide Campari- Milano increases 1.6%, leads Food/beverage/tobacco sector higher
26 July 2017 14:06 CEST
Davide Campari-Milano SpA (MI:CPR) has increased 1.6% to trade at EUR6.28 vs. the Food/beverage/tobacco sector which strengthened 408.0 points (or 0.8%) to 50,847.7. Representing a weighting of about 52.7% of the sector, the stock accounted for the gain. The shares have outperformed 83% of the market in the past three months. Trading volume was 3.2 times average so far today.
Davide Campari-Milano SpA (MI:CPR; BIT:CPR; IM:CPR)