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Chiquita Brands International In Retrospect: Shares Down 9.0% Since Downgraded One Week Ago (CQB)

Published on Thu, 02/07/2013 - 10:10
By Adrienne Chilton

Chiquita Brands International was downgraded from Buy to Hold by BB&T Capital one week ago. Chiquita Brands International shares are selling at $7.20, 9.0% below the $7.91 price point of one week ago.

Chiquita Brands International share prices have moved between a 52-week high of $10.57 and a 52-week low of $4.62 and are now trading 54% above that low price at $7.13 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.3%.

There is potential upside of 96.4% for shares of Chiquita Brands International based on a current price of $7.13 and an average consensus analyst price target of $14.00. The stock should find resistance at its 50-day moving average (MA) of $7.71, as well as support at its 200-day MA of $6.64.

Chiquita Brands International, Inc. markets, produces, and distributes fresh bananas and other fresh produce. The Company also distributes and markets fresh-cut fruit and other branded fruit products.

By Adrienne Chilton