Mead Johnson Nutrition CompanyMJN was a big mover last session, as the company saw its shares rise above 5% on the day. The move came on the company's announcement of a $1.5 Billion Share Repurchase Plan. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $69.64 to $75.16 in the past one-month time frame.
In the last 30 days, the company has seen five downward estimate revisions and the Zacks Consensus Estimate also moved lower, 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.
Mead Johnson Nutrition carries a Zacks Rank #4 (Sell).
A better-ranked Miscellaneous-Diversified Food stock is Diamond Foods, Inc. DMND , which holds a Zacks Rank #2 (Buy).
Is MJN going up? Or down? Predict to see what others think: Up or Down
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
