Colgate-Palmolive Company (NYSE:CL) was a big mover last session, as its shares rose almost 6% on the day. The upside came on the back of speculation that The Kraft Heinz Company (NASDAQ:KHC) could acquire the company. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range $70.76 to $74.37 in the past one-month time frame.
Over the last 30 days, the company witnessed five positive estimate revisions and one negative. The Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Colgate-Palmolive currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is CL going up? Or down? Predict to see what others think: Up or Down
Will You Make a Fortune on the Shift to Electric Cars?
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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The Kraft Heinz Company (KHC): Free Stock Analysis Report
Colgate-Palmolive Company (CL): Free Stock Analysis Report
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