Campbell Soup Company (CPB - Free Report) was a big mover last session, as the company saw its shares rise more than 9% 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 $33.19 to $38.60 in the past one-month time frame.
The upside was driven by rumors of a potential buyout of the company.
The company has not seen any estimate revisions over the past month and the Zacks Consensus Estimate for the current quarter 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.
Campbell Soup currently has a Zacks Rank #5 (Strong Sell), while its Earnings ESP is 0.00%.
A better-ranked stock in the Food – Miscellaneous industry is Medifast, Inc. (MED - Free Report) , which currently 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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