Conagra Brands, Inc. (NYSE:CAG) was a big mover last session, as the company saw its shares rise nearly 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $22.37 to $23.38 in the past one-month time frame.
The move came after the company reported better-than-expected third-quarter fiscal 2019 earnings.
The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Conagra Brands. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Conagra Brands currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
A better-ranked stock in the Food – Miscellaneous industry is Associated British Foods (LON:ABF) PLC (OTC:ASBFY) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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Conagra Brands Inc. (CAG): Free Stock Analysis Report
Associated British Foods PLC (ASBFY): Free Stock Analysis Report
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