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Strength seen in Avon Products (AVP): Stock Soars 14.4%
Avon Products Inc was a big mover last session, as the company saw its shares rise over 14% on the day. The upside was driven after the company announced better-than-expected top- and bottom-line results for second-quarter 2016. The news also led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $3.80 to $4.09 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days while the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Avon Products has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Another better-ranked stock in the same industry is Inter Parfums (IPAR - Free Report) , sporting a Zacks Rank #1 (Strong Buy).
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