Today’s Price Action: Will Unilever N.V. (ADR) Short Squeeze Soon?

Today's Price Action: Will Unilever N.V. (ADR) Short Squeeze Soon?

The stock of Unilever N.V. (ADR) (NYSE:UN) hit a new 52-week low and has $36.61 target or 5.00% below today’s $38.54 share price. The 8 months bearish chart indicates high risk for the $115.40 billion company. The 1-year low was reported on Nov, 23 by Barchart.com. If the $36.61 price target is reached, the company will be worth $5.77 billion less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 598,614 shares traded hands. Unilever N.V. (ADR) (NYSE:UN) has declined 14.33% since April 21, 2016 and is downtrending. It has underperformed by 19.66% the S&P500.

Unilever N.V. (ADR) (NYSE:UN) Ratings Coverage

Out of 6 analysts covering Unilever NV (NYSE:UN), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Unilever NV has been the topic of 6 analyst reports since September 25, 2015 according to StockzIntelligence Inc. The stock of Unilever N.V. (ADR) (NYSE:UN) earned “Overweight” rating by JP Morgan on Tuesday, January 12. The firm earned “Sector Perform” rating on Friday, July 22 by RBC Capital Markets. On Monday, August 22 the stock rating was initiated by Bernstein with “Outperform”. The stock of Unilever N.V. (ADR) (NYSE:UN) earned “Buy” rating by Berenberg on Friday, September 25. The firm has “Neutral” rating by Credit Suisse given on Tuesday, December 8. Citigroup upgraded Unilever N.V. (ADR) (NYSE:UN) on Wednesday, August 31 to “Buy” rating.

According to Zacks Investment Research, “Unilever is one of the world’s largest consumer products companies. They produce and market a wide range of foods, home and personal care products. Their leading brands include Dove, Lipton, Magnum, Omo and Rama. They are the number one producer of frozen foods in Europe, They are also a leader in the branded olive oil category the most important brand being Bertolli. They are the largest seller of packet tea in the world through our Lipton and Brooke Bond brands.”

Another recent and important Unilever N.V. (ADR) (NYSE:UN) news was published by Marketwatch.com which published an article titled: “Plus the latest data from Realtor.com on 21 home markets across the US” on December 21, 2009.

UN Company Profile

Unilever N.V., incorporated in 1927, is a fast moving consumer goods company. The Firm operates through four divisions: Personal Care, Foods, Home Care and Refreshment. The Company’s Personal Care segment includes sales of skin care and hair care products, deodorants and oral care products. The Company’s Foods segment includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads. The Company’s Home Care segment includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products. The Company’s Refreshment segment includes sales of ice cream and tea beverages. It has approximately 10 brands, which include AXE, Dove, Knorr, Lipton, Magnum, Omo, LUX, Rexona and Surf, among others.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment