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Strength seen in G&K Services (GK): Stock Soars 17.7%

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G&K Services Inc. (GK - Free Report) was a big mover last session, as the company saw its shares rise over 17% on the day. Shares gained after the business products and services provider company, Cintas, announced the acquisition of G & K Services. This 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 $78.85 to $82.13 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. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

G&K Services has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%. 

Another better-ranked stock in the broader sector include CBIZ, Inc. (CBZ - Free Report) holding a Zacks Rank #2 (Buy).

Is GK going up? Or down? Predict to see what others think: Up or Down

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