SENEA - Insider Confidence On Display: Michael Wolcott Acquires $79K In Seneca Foods Stock | Benzinga
Michael Wolcott, SVP at Seneca Foods (NASDAQ:SENEA), disclosed an insider purchase on December 6, based on a new SEC filing.
What Happened: Wolcott demonstrated confidence in Seneca Foods by purchasing 1,566 shares, as reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The total value of the transaction is $79,149.
At Thursday morning, Seneca Foods shares are up by 0.61%, trading at $49.4.
All You Need to Know About Seneca Foods
Seneca Foods Corp is a US-based company which acts as a provider of packaged fruits and vegetables. Its product offerings include canned, frozen and bottled produce and snack chips. The company's segment includes fruits and vegetables, prepared food products, and snack products. It generates maximum revenue from Canned vegetables followed by Frozen vegetables.
Seneca Foods: Delving into Financials
Revenue Challenges: Seneca Foods's revenue growth over 3 months faced difficulties. As of 30 September, 2023, the company experienced a decline of approximately -7.36%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower ...