Roundy’s Inc. (RNDY) was a big mover last session with shares rising nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the uptrend for the company since Nov 14, as the stock is now up nearly 11%.
This retail grocery chain has seen four negative estimate revisions in the last 30 days. The Zacks Consensus Estimate also moved lower over the same period, implying trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can last.
Roundy’s currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
However, better-ranked stocks in the same sector include J. Sainsbury plc (JSAIY), Carrefour SA (CRRFY) and Marks & Spencer Group plc (MAKSY). While Sainsbury sports a Zacks Rank #1 (Strong Buy), Carrefour and Marks & Spencer carry a Zacks Rank #2 (Buy).
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