Mead Johnson Nutrition Rises On Unusually High Volume (MJN)
Mead Johnson Nutrition Company (NYSE:MJN) is trading at unusually high volume Wednesday with 3.3 million shares changing hands. It is currently at two times its average daily volume and trading up $3.76 (+4.7%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Mead Johnson Nutrition Company (NYSE: MJN) is trading at unusually high volume Wednesday with 3.3 million shares changing hands. It is currently at two times its average daily volume and trading up $3.76 (+4.7%) at $84.61 as of 3:51 p.m. ET.
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Mead Johnson Nutrition has a market cap of $16.1 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 22.7% year to date as of the close of trading on Tuesday. Mead Johnson Nutrition Company manufactures, distributes, and sells infant formulas, children's nutrition, and other nutritional products. The company has a P/E ratio of 26.4, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Mead Johnson Nutrition as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins, good cash flow from operations, growth in earnings per share and revenue growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Mead Johnson Nutrition Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.