Stock splits are used by Smucker (J.M.) Co. To keep share prices within reasonable numbers to encourage investment. If the share price of a security gets too high, a company can perform a stock split by issuing all shareholders an extra share, thereby halving the price of an individual share. Smucker Company (SJM) Dividend Growth History: By month or year. Dividend history includes: Declare date, ex-div, record, pay, frequency, amount.
Tax Basis Worksheet
Please be aware that the information contained herein is general in nature and should not be construed to be legal, business, or tax advice.You should consult your personal tax advisor as to the particular tax consequences of each transaction highlighted here, including the applicability and effect of any state, local, and foreign tax laws.
Smucker Spin-off from Procter & Gamble
On May 31, 2002 Procter & Gamble distributed shares of J. M. Smucker stock in a special distribution to its shareholders.The distribution was a non-taxable event and gave every Procter & Gamble stockholder 1 share of Smucker stock for each 50 shares of P&G owned.Since the tax basis of the stocks were based upon the combined market value of both issues on May 31st, the allocation should be:
Procter & Gamble 99.217 %
JM Smucker.783 %
(Based upon the cost basis of Procter & Gamble stock purchased or owned prior to 05/31/2002)
For detailed information please go to Investor Relations on the J. M. Smucker Website www.smuckers.com
Weaker technical forecast for JM Smucker Company (The) as stock downgraded to Sell Candidate. (Updated on December 10, 2020)
Sell candidate since 2020-12-10 PDF
The JM Smucker Company (The) stock price fell by -1.85% on the last day (Thursday, 10th Dec 2020) from $118.06 to $115.87. During the day the stock fluctuated 2.49% from a day low at $115.86 to a day high of $118.74. The price has been going up and down for this period, and there has been a -1.81% loss for the last 2 weeks. Volume has increased on the last day by 321 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $130.44 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.43% during the next 3 months and, with a 90% probability hold a price between $118.77 and $128.97 at the end of this 3-month period.
Signals & Forecast
There are few to no technical positive signals at the moment. The JM Smucker Company (The) stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $116.75 and $116.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 16, 2020, and so far it has fallen -3.53%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Double Top Formation
A sell signal from a double top formation was found on Monday, November 16, 2020 and based on theory for this formation the price should fall by -10.39% to $103.83 within 24 trading days since signal was issued (Monday, December 21, 2020).Support, Risk & Stop-loss
JM Smucker Company (The) finds support from accumulated volume at $114.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.88 between high and low, or 2.49%. For the last week the stock has had a daily average volatility of 1.81%.
Our recommended stop-loss:We hold an negative evaluation for this stock. No stop-loss is set.
Is JM Smucker Company (The) stock A Buy?
The JM Smucker Company (The) stock holds several negative signals and despite the positive trend, we believe JM Smucker Company (The) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy Candidate to a Sell Candidate candidate.
Current score:-1.113
Will Smuckers Stock Splits
Predicted Opening Price for JM Smucker Company (The) of Friday, December 11, 2020
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
Smucker Stock News
Fair opening price December 11, 2020 | Current price |
---|---|
$116.82 | $115.87(Undervalued) |
The last rating was given by Morgan Stanley on December 02, 2020. The price target was set to $106.00 - $107.00.Over the last 30 days, this security got 0 buy, 1 sell and 0 hold ratings.
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Price: $115.87
Resistance: $117.20