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Campbell Soup (CPB) in Focus: Stock Moves 5.5% Higher
Campbell Soup Company (CPB - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on 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 $36.73 to $39.25 in the past one-month time frame.
The move came after the company reported better-than-expected first-quarter fiscal 2019 results (ended Oct 28, 2018).
The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Campbell Soup currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
Campbell Soup Company Price
Campbell Soup Company Price | Campbell Soup Company Quote
A better-ranked stock in the Food – Miscellaneous industry is The Chefs' Warehouse, Inc. (CHEF - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is CPB going up? Or down? Predict to see what others think: Up or Down
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