NEW YORK, Nov. 30, 2017 /PRNewswire/ — In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on TWNK, LNCE, SJM, and THS which is a click away at http://www.wallstequities.com/registration. Pre-market, WallStEquities.com turns its attention to Hostess Brands Inc. (NASDAQ: TWNK), Snyder’s-Lance Inc. (NASDAQ: LNCE), The J.M. Smucker Co. (NYSE: SJM), and Treehouse Foods Inc. (NYSE: THS). Processed and Packaged Goods companies, for the most part, are considered consumer staples in as much as they sell products that are consumed all year round in all economic cycles, such as basic foods and beverages. Sign up today for free and learn why our members refer to our research coverage as the ‘best out there’: http://www.wallstequities.com/registration
On Wednesday, shares in Kansas City, Missouri-based Hostess Brands Inc. recorded a trading volume of 1.81 million shares, which was higher than their three months average volume of 1.34 million shares. The stock ended the day at $14.01, jumping 4.09% from the last trading session. The Company’s shares have advanced 21.19% in the past month, 5.42% in the previous three months, and 7.77% on an YTD basis. The stock is trading above its 50-day moving average by 10.38%. Furthermore, shares of Hostess Brands have a Relative Strength Index (RSI) of 69.84.
On November 20th, 2017, Hostess Brands announced the repricing of its existing First Lien Term Loan. Under the transaction, the Company’s First Lien Term Loan was repriced from LIBOR plus 2.50% to LIBOR plus 2.25%. No covenants were changed, and the First Lien Term Loan continues to have a maturity date of August 03rd, 2022. As a result of the repricing, the Company expects annualized interest expense savings of approximately $2.5 million that will result in an expected increase of $0.01 of basic and diluted earnings per share. Signing up now gives you access to the free research coverage on TWNK at: http://www.wallstequities.com/registration/?symbol=TWNK
Charlotte, North Carolina headquartered Snyder’s-Lance Inc.’s stock rose 1.96%, finishing yesterday’s session at $38.59. A total volume of 435,793 shares was traded, which was above their three months average volume of 384,110 shares. The Company’s shares have gained 4.98% in the last month, 7.70% over the previous three months, and 0.65% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 3.22% and 4.14%, respectively. Additionally, shares of