U.S. Markets close in 3 hrs 57 mins

Avon Products (AVP) Surges: Stock Moves 10.1% Higher

Zacks Equity Research

Avon Products, Inc. AVP was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $2.66–$3.2 in the past one-month time frame, witnessed a sharp increase on Friday.

The stock gained after the company confirmed that it is in discussion with the Brazilian cosmetics maker, Natura Cosmeticos, regarding a potential deal.

The company's Zacks Consensus Estimate for the current quarter has moved higher over the past few weeks, suggesting that more solid trading could be ahead for Avon Products. 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.

Avon Products currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is positive.

Avon Products, Inc. Price

Avon Products, Inc. Price | Avon Products, Inc. Quote

Investors interested in the Cosmetics industry may consider a better-ranked stock like Revlon, Inc. REV, which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
 
Is AVP going up? Or down? Predict to see what others think:Up or Down

Today's Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.

This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.

See their latest picks free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Revlon, Inc. (REV) : Free Stock Analysis Report
 
Avon Products, Inc. (AVP) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.