Chiquita Brands International EVP Sells $15,707 in Stock (CQB)
Chiquita Brands International (NYSE:CQB) EVP Brian W. Kocher sold 1,114 shares of Chiquita Brands International stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $14.10, for a total transaction of $15,707.40. Following the transaction, the executive vice president now directly owns 238,895 shares of the company’s stock, valued at approximately $3,368,420. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Chiquita Brands International (NYSE:CQB) opened at 14.07 on Wednesday. Chiquita Brands International has a 52 week low of $9.24 and a 52 week high of $14.30. The stock’s 50-day moving average is $11.28 and its 200-day moving average is $11.20. The company’s market cap is $660.8 million. Chiquita Brands International also was the recipient of a large drop in short interest in August. As of August 15th, there was short interest totalling 1,774,572 shares, a drop of 48.0% from the July 31st total of 3,415,318 shares. Currently, 3.9% of the shares of the company are short sold. Based on an average daily trading volume, of 1,599,746 shares, the days-to-cover ratio is presently 1.1 days.
Chiquita Brands International (NYSE:CQB) last announced its earnings results on Thursday, August 7th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.65 by $0.28. The company had revenue of $826.00 million for the quarter, compared to the consensus estimate of $823.25 million. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts predict that Chiquita Brands International will post $-0.15 earnings per share for the current fiscal year.
Chiquita Brands International, Inc (NYSE:CQB), along with its subsidiaries, is an international marketer and distributor of bananas and other fresh produce, sold under the Chiquita and other brand names in 70 countries, and packaged salads sold under the Fresh Express and other brand names primarily in the United States.
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