Cal-Maine Foods, Inc. CALM saw a big move last session, as the company’s shares fell over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for CALM, as the stock is now down over 12% since Nov 23.
This producer of fresh shell eggs has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
CALM currently has a Zacks Rank #3 (Hold).
Investors interested in the Food-Miscellaneous/Diversified industry may consider better-ranked stock like ampbell Soup Company CPB, which carries a Zacks Rank #1 (Strong Buy).
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