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The J. M. Smucker Company (SJM) in Focus: Stock Up 7.9%
The J. M. Smucker Company (SJM - Free Report) was a big mover last session, as the company saw its shares rise roughly 8% on the day. Shares moved up after the company’s fiscal fourth quarter 2016 earnings exceeded expectations. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $126.60 to $132.71 in the past one-month time frame.
This food industry stock witnessed one positive estimate revision over the past 30 days. The Zacks Consensus Estimate however remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
J. M. Smucker has a Zacks Rank # 3 (Hold).
However, a better-ranked stock in the same space is B&G Foods Inc. (BGS - Free Report) , sporting a Zacks Rank #1 (Strong Buy).
Is SJM going up? Or down? Predict to see what others think: Up or Down
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