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Why Mondelez Stock Blasted 4% Higher on Wednesday [Yahoo! Finance]

Mondelez International, Inc. - Class A (MDLZ)  More Company Research Source: Yahoo! Finance
Last mondelez international, inc. - class a earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: mondelezinternational.com/investors
The food company's stock rose by more than 4% largely as a result, on a day when the S&P 500 index sagged marginally by 0.2%. Unwrapping fresh growth The individual behind the rosy pronouncements was Mondelez's chief financial officer, Luca Zaramella. Speaking at a conference for the consumer staples industry , he waxed bullish on his company's current quarter. He said without elaboration that it posted "solid numbers" for July and August, adding, "I think you will be pleased with the numbers you're going to see in Q3." Getting somewhat into the weeds, he cited reduced prices for cocoa -- a foundational ingredient in the many chocolate products the company sells -- as one factor in the recent profitability improvements. He implied that the resulting lower costs give management the scope to increase promotional activities for relatively sluggish goods. Overall, management is counting on 2024 to be a year of growth. In July, it published its second-quarter figures and proffered [Read more]
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Stockreport

Why Mondelez Stock Blasted 4% Higher on Wednesday [Yahoo! Finance]

Mondelez International, Inc. - Class A  (MDLZ) 
More Company Research Source: Yahoo! Finance
Last mondelez international, inc. - class a earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: mondelezinternational.com/investors
The food company's stock rose by more than 4% largely as a result, on a day when the S&P 500 index sagged marginally by 0.2%. Unwrapping fresh growth The individual behind the rosy pronouncements was Mondelez's chief financial officer, Luca Zaramella. Speaking at a conference for the consumer staples industry , he waxed bullish on his company's current quarter. He said without elaboration that it posted "solid numbers" for July and August, adding, "I think you will be pleased with the numbers you're going to see in Q3." Getting somewhat into the weeds, he cited reduced prices for cocoa -- a foundational ingredient in the many chocolate products the company sells -- as one factor in the recent profitability improvements. He implied that the resulting lower costs give management the scope to increase promotional activities for relatively sluggish goods. Overall, management is counting on 2024 to be a year of growth. In July, it published its second-quarter figures and proffered [Read more]
IMPACT SNAPSHOT
EVENT TIME:
MDLZ
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS