The stock of Landec Corporation (NASDAQ:LNDC) hit a new 52-week high and has $39.74 target or 176.00% above today’s $14.40 share price. The 9 months bullish chart indicates low risk for the $395.13 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $39.74 price target is reached, the company will be worth $695.43 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. The stock increased 3.97% or $0.55 during the last trading session, hitting $14.4. About 117,227 shares traded hands or 85.21% up from the average. Landec Corporation (NASDAQ:LNDC) has risen 37.13% since April 11, 2016 and is uptrending. It has outperformed by 30.98% the S&P500.
Landec Corporation (NASDAQ:LNDC) Ratings Coverage
Out of 4 analysts covering Landec (NASDAQ:LNDC), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Landec has been the topic of 4 analyst reports since November 18, 2015 according to StockzIntelligence Inc. Wunderlich initiated the stock with “Buy” rating in Wednesday, November 18 report. Wedbush initiated Landec Corporation (NASDAQ:LNDC) rating on Friday, July 8. Wedbush has “Neutral” rating and $12 price target. On Tuesday, June 7 the stock rating was initiated by Maxim Group with “Buy”. The stock of Landec Corporation (NASDAQ:LNDC) earned “Buy” rating by Sidoti on Monday, January 25.
According to Zacks Investment Research, “Landec Corporation designs, develops, manufactures and sells temperature-activated and other specialty polymer products for a variety of food products, agricultural products, specialty industrial and medical applications. This proprietary polymer technology is the foundation, and a key differentiating advantage, upon which they have built their business.”
Insitutional Activity: The institutional sentiment increased to 1.03 in Q2 2016. Its up 0.39, from 0.64 in 2016Q1. The ratio increased, as 6 funds sold all Landec Corporation shares owned while 28 reduced positions. 11 funds bought stakes while 24 increased positions. They now own 25.18 million shares or 1.31% more from 24.85 million shares in 2016Q1.
Highbridge Cap Lc holds 0% of its portfolio in Landec Corporation (NASDAQ:LNDC) for 18,357 shares. The Texas-based Dimensional Fund Advisors L P has invested 0.01% in Landec Corporation (NASDAQ:LNDC). Perritt Management holds 298,800 shares or 0.85% of its portfolio. Group One Trading L P has 0% invested in the company for 600 shares. Heartland Advsr holds 990,300 shares or 0.6% of its portfolio. Moreover, Ameritas Investment Prns has 0% invested in Landec Corporation (NASDAQ:LNDC) for 1,500 shares. Blackrock Fund Advsrs accumulated 694,041 shares or 0% of the stock. International Gp Inc has 0% invested in the company for 15,401 shares. Thomson Horstmann & Bryant has 1.07% invested in the company for 766,600 shares. Blackrock has invested 0% of its portfolio in Landec Corporation (NASDAQ:LNDC). Tompkins Financial Corporation accumulated 300 shares or 0% of the stock. The Massachusetts-based Panagora Asset Mngmt has invested 0% in Landec Corporation (NASDAQ:LNDC). The Us-based Ancora Ltd Liability Co has invested 0.1% in Landec Corporation (NASDAQ:LNDC). Pnc Ser Group Inc Inc, a Pennsylvania-based fund reported 83 shares. Swiss State Bank reported 35,700 shares or 0% of all its holdings.
Insider Transactions: Since August 5, 2016, the stock had 0 insider buys, and 2 selling transactions for $514,024 net activity. Midyett Ronald Lane also sold $84,146 worth of Landec Corporation (NASDAQ:LNDC) on Friday, August 5. $429,878 worth of Landec Corporation (NASDAQ:LNDC) was sold by STEELE GARY T on Thursday, August 11.
Another recent and important Landec Corporation (NASDAQ:LNDC) news was published by Marketwatch.com which published an article titled: “Landec started at neutral with $12 stock price target at Wedbush Securities” on December 22, 2009.
LNDC Company Profile
Landec Corporation, incorporated on August 22, 2007, designs, develops, makes and sells a range of health and wellness products for food and biomaterials markets. The Firm licenses technology applications to partners. The Firm operates through three divisions: Packaged Fresh Vegetables, Food Export and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruit and vegetables, the majority of which incorporate the BreatheWay specialty packaging for the retail grocery, club store and food services industry. In addition, the Packaged Fresh Vegetables segment sells BreatheWay packaging to partners for fruit and vegetable products. The Food Export segment is engaged in the purchase and sale of whole commodity fruit and vegetable products primarily to Asia. The Biomaterials segment sells products utilizing hyaluronan, a polysaccharide that is distributed in the extracellular matrix of connective tissues in both animals and humans, and non-hyaluronan (HA) products for medical use primarily in the Ophthalmic, Orthopedic and other markets. The Firm has approximately two polymer technology platforms: Intelimer polymers and HA biopolymers. The Firm sells specialty packaged branded Eat Smart and GreenLine and private label fresh-cut vegetables and whole produce to retailers, club stores and foodservice operators primarily in the United States, Canada and Asia through its Apio, Inc. (Apio) subsidiary, and sells HA and non-HA biomaterials through its Lifecore Biomedical, Inc. (Lifecore) subsidiary.
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