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Kellogg (K) Catches Eye: Stock Jumps 6.2%
Kellogg Company (K - Free Report) was a big mover last session, as the company saw its shares rise more than 6% 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 $58.87–$62.70 in the past one-month time frame, witnessed a sharp increase yesterday.
The move came after the company reported better-than-expected third-quarter 2017 results.
The company has seen a mixed track record when it comes to estimate revisions of three increase and three decrease over the past few months, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Kellogg currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Kellogg Company Price
Kellogg Company Price | Kellogg Company Quote
Investors interested in the Food - Miscellaneous industry may consider Nomad Foods Limited (NOMD - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is K going up? Or down? Predict to see what others think:Up or Down
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>