Arcos Dorados (ARCO) Catches Eye: Stock Adds 8.2% in Session
Arcos Dorados Holdings Inc. ARCO was a big mover last session, as its shares rose over 8% on the day. The move came after the company reported encouraging first-quarter 2017 financial results. This also led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up almost 17% in the past one-month time frame.
The company has seen one positive estimate revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if this yesterday’s jump can turn into more strength down the road.
Arcos Dorados currently carries a Zacks Rank #4 (Sell).
Arcos Dorados Holdings Inc. Price
Arcos Dorados Holdings Inc. Price | Arcos Dorados Holdings Inc. Quote
A better-ranked stock from the Retail - Restaurants space is Restaurant Brands International Inc. QSR, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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