Kellogg Company K was a big mover last session, as the company saw its shares rise more than 6% 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 $58.87–$62.70 in the past one-month time frame, witnessed a sharp increase yesterday.
The move came after the company reported better-than-expected third-quarter 2017 results.
The company has seen a mixed track record when it comes to estimate revisions of three increase and three decrease over the past few months, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Kellogg currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Investors interested in the Food – Miscellaneous industry may consider Nomad Foods Limited NOMD, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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