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Inventure Foods Reaches Lowest Level Since January 2012 After Q4 Miss

by
March 30, 2017 11:25 am
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Inventure Foods Inc (NASDAQ:SNAK) shares are trading lower by $0.06 (1.5 percent) at $4.01 in Thursday's session. Before the open, the company reported a Q4 adjusted EPS of $(0.20) vs. $(0.06) estimates along with a $1.3 million miss for sales.

After a lower open, the stock sold off on very low volume to $3.69 and quickly staged a rebound. That marks the lowest level since it put in a pair of monthly lows in December 2012 at $3.66. After reaching that depressed level, it rebounded to make a new high for the session just above Wednesday's close ($4.07) at $4.11.

If the rally continues, there may be additional resistance at the pair of highs from Tuesday ($4.22) and Wednesday ($4.25).