Excluding a steep rally followings its IPO until June of 2002 and the 2008-2009 recession, Kraft stock has been a very consistent performer. Kraft hit a then all-time low under $28/share back in March of 2003, and then stabilized over the next 6 years in the upper $20 to mid $30 price range. Kraft stumbled in the wake of the Lehman Brothers collapse, but has since stabilized.
Non-cyclicals like Kraft lagged the broad-market advance in April, but the food distributor still managed to crave out a respectable advance. On March 31st, KFT closed at $22.29 and on April 30th its shares finished at $23.40, a 4.9% move higher.
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