Wrigley (Wm) Jr., which also processes packaged foods and meats, experienced a downslide in market ratings.
“In a research note published this morning, the analyst mentions that the downgrade in the rating is based on valuation and the company’s share price has reached the target price. WM Wrigley Jr continues to witness robust growth in Europe and the emerging markets, along with favourable currency effects, the analyst adds. The company’s stock has outperformed the food group as well as the broader market since the 3Q result announcement, Lehman Brothers says.”
Source
February 29, 2008
February 12, 2008
WWY unveils stock options
Wrigley (Wm) Jr. (WWY), known for chewing gum, packaged foods, and meats, bares its share options.
| "In a Form 4 filed with the SEC Thursday, Jon Orving reported he exercised options for the shares Thursday for $43.74 apiece and then sold all of them the same day for $60.55 apiece." |
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