After hours on the NYSE proved impressive for Kraft stock. Tuesday night a deal was set in place for Heinz and Kraft to merge. This deal would successfully create the worlds 5th largest food and beverage company. Allowing Kraft to grow internationally and evolve into a more consumer-focused company. This massive merger was valued at about $36 billion. Kraft CEO John Cahill said he will become vice-chairman of the newly formed Kraft-Heinz. This news propelled Kraft shares nearly 36% or $21.93, which resulted at a close price of $83.15 per share Wednesday Night. Immediately upon opening on wednesday morning the stock shot up 25% based off the overnight merger. I decided to buy 2053 shares of Kraft at $85.16 based off the fact that the Kraft Stock would continue to rise throughout the day and begin to fall again before close. Later on in the day the stock rose to about $86.75, I placed a limit order so my shares would automatically sell at $86.75. My original market value for Kraft on my stock portfolio was $174,833.48, I sold the Kraft shares with a capital gain of $3,264.27 which increased the market value of my Kraft Shares to $178,097.75. In total the capital gain I received from these Kraft shares allowed me to get back in the green. Its been a rough road during this stock market simulation and I'm happy that I'm finally back making profit.
Friday, 27 March 2015
Kraft Stock Earnings (Wednesday March 25th)
After hours on the NYSE proved impressive for Kraft stock. Tuesday night a deal was set in place for Heinz and Kraft to merge. This deal would successfully create the worlds 5th largest food and beverage company. Allowing Kraft to grow internationally and evolve into a more consumer-focused company. This massive merger was valued at about $36 billion. Kraft CEO John Cahill said he will become vice-chairman of the newly formed Kraft-Heinz. This news propelled Kraft shares nearly 36% or $21.93, which resulted at a close price of $83.15 per share Wednesday Night. Immediately upon opening on wednesday morning the stock shot up 25% based off the overnight merger. I decided to buy 2053 shares of Kraft at $85.16 based off the fact that the Kraft Stock would continue to rise throughout the day and begin to fall again before close. Later on in the day the stock rose to about $86.75, I placed a limit order so my shares would automatically sell at $86.75. My original market value for Kraft on my stock portfolio was $174,833.48, I sold the Kraft shares with a capital gain of $3,264.27 which increased the market value of my Kraft Shares to $178,097.75. In total the capital gain I received from these Kraft shares allowed me to get back in the green. Its been a rough road during this stock market simulation and I'm happy that I'm finally back making profit.
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