B&G Foods (BGS) Plunges 3.34% on Institutional Selling
1min read B&G Foods (BGS) shares plunged 3.34% today, marking the seventh consecutive day of decline, with a total drop of 16.95% over the past week. The stock price hit its lowest level since February 2025, experiencing an intraday decline of 5.02%.
Over the past six months, B&G Foods' stock price has seen a significant decline of 23.6%. This downward trend has been influenced by various factors, including institutional selling and market sentiment.
Prudential Financial Inc. significantly reduced its holdings of b&g foods shares by 71.5% during the fourth quarter. This substantial reduction in institutional ownership has likely contributed to the negative impact on the stock price, as large-scale selling can create downward pressure on the shares.
Despite the recent decline, analysts have set an average price target of $7.92 for B&G Foods, with a forecasted range between $7.00 and $9.00. This indicates a potential upside of 24.01% from the recent share price, suggesting that there may be opportunities for stock price growth in the future. However, the current market conditions and recent performance trends suggest that the stock may continue to face challenges in the near term.
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