Connect with us

Stocks

Smucker (SJM) Stock Dips on Jif Peanut Butter Recall

A multistate outbreak of Salmonella has been tied to Jif peanut butter.
J M Smucker (NYSE:SJM) has initiated a voluntary recall as a result.
SJM stock is dipping on the recall news.

Source: JHVEPhoto / Shutterstock.com

J M Smucker (NYSE:SJ…

  • A multistate outbreak of Salmonella has been tied to Jif peanut butter.
  • J M Smucker (NYSE:SJM) has initiated a voluntary recall as a result.
  • SJM stock is dipping on the recall news.

Source: JHVEPhoto / Shutterstock.com

J M Smucker (NYSE:SJM) stock is falling on Monday after the food company announced a recall of Jif peanut butter.

The recall of Jif peanut butter comes after five people reported falling ill due to Salmonella. The U.S. Food and Drug Administration (FDA) and Centers for Disease Control and Prevention (CDC) note that four of these five people reported consuming different brands of Jif peanut butter before becoming sick.

Advertisement

The CDC further investigated the source of the illness and linked it back to Smucker’s Lexington, Ky. factory. It tied a 2010 sample of peanut butter to the current strain of Salmonella affecting individuals.

The FDA and CDC warn that this is a multistate outbreak of Salmonella. They also mention that Smucker has voluntarily recalled certain Jif brand peanut butter products that might contain the bacteria.

Advertisement

The Jif peanut butter recall affects products with lot codes ranging from 1274425 to 2140425. These products are only part of the recall if the first seven digits end with 425. That shows they were manufactured in the Lexington, Ky. facility.

  • 7 REITs to Buy for the Second Half of 2022

SJM stock isn’t doing so hot with weak trading of the shares on today’s recall news. As of this writing, around 659,000 shares of the stock have changed hands. That’s still below its daily average trading volume of around 891,000 shares.

SJM stock is down 1% as of noon Monday after experiencing a sharper dip in morning trading.

Advertisement

There’s more stock market news that investors are going to want to read up on below!

Advertisement

We’ve got all the hottest stock market news that traders need to know about for Monday! A few examples include DiDi Global (NYSE:DIDI) stock delisting news, short squeeze stocks to watch this week, as well as Electronic Arts (NASDAQ:EA) looking for a buyer. You can read all about these matters at the following links!

More Monday Stock Market News

  • 96% of Shareholders Vote for DIDI Stock to Delist
  • Short Squeeze Stocks: BBAI, MMAT and 3 Others Experts Think Are Ready to Pop
  • EA Stock Gains 3% as Electronic Arts Reportedly Looks to Sell Itself

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

More From InvestorPlace

  • Stock Prodigy Who Found NIO at $2… Says Buy THIS
  • It doesn’t matter if you have $500 in savings or $5 million. Do this now.
  • Get in Now on Tiny $3 ‘Forever Battery’ Stock

The post Smucker (SJM) Stock Dips on Jif Peanut Butter Recall appeared first on InvestorPlace.

Advertisement

InvestorPlace| InvestorPlace

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *