Back to top

Tale of the Tape

Zacks Equity Research

Strength seen in Caleres (CAL): Stock Adds 14% in Session
November 25, 2016

WEYS CAL

Trades from $3

Caleres, Inc. (CAL - Free Report) was a big mover last session, as the company saw its shares rise over 14% on the day. The upside was driven by the company’s announcement of solid third-quarter 2016 results. The news also led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $24.20 to $28.66 in the past one-month time frame.

The company has seen one positive estimate revision over the past 30 days, while the Zacks Consensus Estimate moved higher suggesting solid trading ahead. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Caleres carries a Zacks Rank #3 (Hold).

A better-ranked stock in the same industry is Weyco Group Inc. (WEYS - Free Report) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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

Confidential from Zacks

Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>

In-Depth Zacks Research for the Tickers Above

WEYCO GROUP (WEYS) - FREE report >>

CALERES INC (CAL) - FREE report >>