Noteworthy Price Action: What’s Ahead for Central Garden & Pet Co After Reaching All Time High?

Noteworthy Price Action: What's Ahead for Central Garden & Pet Co After Reaching All Time High?

The stock of Central Garden & Pet Co (NASDAQ:CENTA) reached all time high today, Nov, 25 and still has $30.32 target or 7.00% above today’s $28.34 share price. This indicates more upside for the $1.46 billion company. This technical setup was reported by Barchart.com. If the $30.32 PT is reached, the company will be worth $102.20 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 1.14% or $0.32 during the last trading session, hitting $28.34. About 108,815 shares traded hands. Central Garden & Pet Co (NASDAQ:CENTA) has risen 81.95% since April 22, 2016 and is uptrending. It has outperformed by 76.54% the S&P500.

Analysts await Central Garden & Pet Co (NASDAQ:CENTA) to report earnings on December, 5.

According to Zacks Investment Research, “CENTRAL GARDEN & PET COMPANY is a leading innovator, marketer and producer of quality branded products for the pet and lawn and garden supplies markets. The pet products include pet bird and small animal food, aquarium products, flea, tick, mosquito and other pest control products, edible bones, cages, carriers, pet books, and other dog, cat, reptile and small animal products. These products are sold under a number of brand names, including Kaytee, All-Glass Aquarium, Oceanic, Kent Marine, Zodiac, Pre-Strike, Altosid, Nylabone, TFH and Four Paws. The lawn and garden products include grass seed, wild bird food, weed and insect control products, decorative outdoor patio products and ant control products. These products are sold under a number of brand names, including Pennington, Norcal Pottery, New England Pottery, GKI/Bethlehem Lighting, Lilly Miller, Matthews Four Seasons, AMDRO and Grant’s.”

More notable recent Central Garden & Pet Co (NASDAQ:CENTA) news were published by: Businesswire.com which released: “Central Garden & Pet Company to Announce Fourth Quarter and Fiscal 2016 …” on November 25, 2016, also Streetinsider.com with their article: “Central Garden & Pet Company (CENTA) Acquires Segrest in $60M Deal” published on October 24, 2016, Businesswire.com published: “Central Garden & Pet Names George C. Roeth Chief Executive Officer” on May 04, 2016. More interesting news about Central Garden & Pet Co (NASDAQ:CENTA) were released by: Businesswire.com and their article: “Central Garden & Pet Announces Executive Appointments” published on October 06, 2016 as well as Businesswire.com‘s news article titled: “Central Garden & Pet Company Announces Fiscal Third Quarter Results” with publication date: August 02, 2016.

CENTA Company Profile

Central Garden & Pet Company, incorporated on May 13, 1992, is a marketer and producer of branded products, and distributor of third party products in the pet, and lawn and garden supplies industries. The Company’s divisions are Pet and Garden. The Company’s Pet segment is engaged in the manufacturing, purchase, sale and delivery of internally and externally produced pet supplies, books and food principally to independent pet distributors, national and regional retail chains, grocery stores, mass merchants and bookstores. The Company’s Garden segment is engaged in the manufacturing, designing and distributing of lawn and garden products to national and regional retail chains, independent garden distributors, grocery stores, nurseries and garden supply retailers.

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