Avon Products, Inc. (AVP - Free Report) was a big mover last session, as the company saw its shares rise more than 10% 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 $2.66–$3.2 in the past one-month time frame, witnessed a sharp increase on Friday.
The stock gained after the company confirmed that it is in discussion with the Brazilian cosmetics maker, Natura Cosmeticos, regarding a potential deal.
The company's Zacks Consensus Estimate for the current quarter has moved higher over the past few weeks, suggesting that more solid trading could be ahead for Avon Products. 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.
Avon Products currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is positive.
Investors interested in the Cosmetics industry may consider a better-ranked stock like Revlon, Inc. (REV - Free Report) , which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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