Medifast (MED) in Focus: Stock Moves 8.1% Higher

Zacks

Medifast Inc. (MED) was a big mover last session with shares rising just over 8% on the day. The move came on solid volume too with 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 past one month’s volatile price range of $24.96 to $27.08.

This specialty retailer of weight management, health and diet products has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate hasn’t been in trend either. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.

Medifast currently holds a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Better-ranked stocks in the food retail industry include Nestl (NSRGY), Diamond Foods, Inc. (DMND) and The Hain Celestial Group, Inc. (HAIN). All the three stocks bear a Zacks Rank #2 (Buy).

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MEDIFAST INC (MED): Free Stock Analysis Report

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