The stock of Hostess Brands, Inc. (NASDAQ:TWNK) hit a new 52-week high and has $17.90 target or 39.00% above today’s $12.88 share price. The 8 months bullish chart indicates low risk for the $1.25B company. The 1-year high was reported on Nov, 18 by Barchart.com. If the $17.90 price target is reached, the company will be worth $487.50M 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 91,894 shares traded hands. Hostess Brands, Inc. (NASDAQ:TWNK) has risen 30.97% since April 18, 2016 and is uptrending. It has outperformed by 26.54% 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, Purveyor of Twinkies and Ho-Hos, Returning to Wall Street” on November 04, 2016, also Wsj.com with their article: “Hostess Brands, Maker of Twinkies, Swings to Quarterly Profit” published on November 10, 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 Seekingalpha.com‘s news article titled: “Buy Hostess Before Wall Street Finds Out It’s Public” with publication date: November 15, 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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