Fred's, Inc. (FRED - Free Report) was a big mover last session, as the company saw its shares rise over 17% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $5.8 –$6.6 in the past one-month time frame, witnessed a sharp increase yesterday.
The move came after the company reported a narrower-than-expected loss in its second-quarter earnings announcement.
The company has seen no estimate revisions over the past one month, and the Zacks Consensus Estimate for the current quarter has 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.
Fred's, Inc currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Fred's, Inc. Price and Consensus
A better ranked stock in the Retail - Discount Stores industryis Burlington Stores, Inc.(BURL) which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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