Pinnacle Foods Inc. (PF) gapped open sharply higher Friday morning and has continued to gain ground in early trade. The stock is now up 2.31 at $45.41 on above average volume.
Pinnacle Foods has broken out of a 1-month trading range and has set a new high for the year. The news that Jana Partners has taken a stake in ConAgra Foods (CAG) has translated into gains for the shares of food companies.
Treehouse Foods (THS) is also on the rise this morning, currently higher by 3.01 at $75.02.
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