Fred's, Inc. FRED was a big mover last session, as the company saw its shares rise over 9% on the day. The upside came on the back of decent third-quarter results which led to more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up more than 20% since Nov 13.
The company has seen 2 negative estimate revisions over the past 30 days, while the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Fred's currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the same space is Burlington Stores, Inc. BURL with a Zacks Rank #2 (Buy).
Is FRED going up? Or down? Predict to see what others think: Up or Down
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