The Stock of Performance Food Group Breaks out to a new all-Time High on a Weak Market day!

The Performance Food Group is engaged in the market and distribution of food and is the number 2 in the U.S. food distribution market. In July, there were speculations that US Foods was planning to acquire Performance Food Group. Wells Fargo has set a price target of $115 in the event of a takeover. However, even if the acquisition does not take place, as the management of Performance Food Group rejected discussions for a possible takeover in mid-August, there is likely to be potential for the stock. As the quarterly figures from August 13 show,...