ConAgra Foods, Inc. (CAG) was a big mover last session, as the company saw its shares jump a little over 5% on the day. This rise can be attributable to solid volume too with far more shares changing hands than in a normal session. This broke the recent trend of the company, as the stock is now trading above the volatile price range of $31.48 to $33.12 in the past one-month time frame.
In the last 30 days, the company did not witness any estimate revision while the Zacks Consensus Estimate moved lower over the same timeframe, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
ConAgra Foods currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked stocks in the food industry include The Hain Celestial Group, Inc. (HAIN), Green Mountain Coffee Roasters, Inc. (GMCR) and United Natural Foods, Inc. (UNFI). All the three companies hold a Zacks Rank #2 (Buy).
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CONAGRA FOODS INC (CAG): Free Stock Analysis Report
HAIN CELESTIAL GROUP INC (HAIN): Free Stock Analysis Report
GREEN MOUNTAIN COFFEE ROASTERS (GMCR): Free Stock Analysis Report
UNITED NATURAL FOODS INC (UNFI): Free Stock Analysis Report
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