ConAgra Foods, Inc.
) was a big mover last session, as the company saw its shares jump
a little over 5% on the day. This rise can be attributable to solid
volume too with far more shares changing hands than in a normal
session. This broke the recent trend of the company, as the stock
is now trading above the volatile price range of $31.48 to $33.12
in the past one-month time frame.
In the last 30 days, the company did not witness any estimate
revision while the Zacks Consensus Estimate moved lower over the
same timeframe, suggesting there may be trouble down the road. So
make sure to keep an eye on this stock going forward to see if this
recent move higher can last.
ConAgra Foods currently has a Zacks Rank #3 (Hold) while its
Some better-ranked stocks in the food industry include
The Hain Celestial Group, Inc.
Green Mountain Coffee Roasters, Inc.
United Natural Foods, Inc.
). All the three companies hold a Zacks Rank #2 (Buy).
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