SUPERVALU Inc. (SVU - Free Report) was a big mover last session, as the company saw its shares rise almost 6% on the day. The upside was driven by the company’s announcement of its decision to sell its Save-A-Lot business to Canadian private equity firm Onex for $1.37 billion in cash. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.56 to $5.13 in the past one-month time frame.
In the last 30 days, the company has seen one downward estimate revision but the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
SUPERVALU currently carries a Zacks Rank #4 (Sell), while its Earnings ESP is positive.
A better-ranked Food-Miscellaneous/Diversified stock is Tate & Lyle plc (TATYY - Free Report) , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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