ConAgra Foods, Inc. (CAG) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The company reported better-than-expected results for the third quarter of fiscal 2015. This led to far more shares changing hands than in a normal session resulting in solid volume. This broke the recent trend of the company, as the stock is now trading above the volatile price range of $33.58 to $35.10 in the past one-month time frame.
The company has seen 2 positive estimate revisions in the past one month, while its Zacks Consensus Estimate moved higher over the same period, suggesting that more solid trading could be ahead for the company. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
ConAgra Foods has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
An attractive stock in the same sector includes Flowers Foods, Inc. (FLO), carrying a Zacks Rank #2 (Buy).
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