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SUPERVALU (SVU) Soars: Stock Adds 9.3% in Session

SUPERVALU Inc.SVU 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 $14.47 to $15.81 in the past one-month time frame.

The shares gained on the back of reports that the company is exploring strategic options that could include an outright sale.

The company has seen a flat track record when it comes to estimate revisions over the past few weeks, while the Zacks Consensus Estimate for the current quarter has 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.

SUPERVALU INC. Price

SUPERVALU INC. Price | SUPERVALU INC. Quote

SUPERVALU currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.

Another stock worth considering in the Consumer Staples sector is The J. M. Smucker Company SJM which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here .

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SUPERVALU INC. (SVU): Free Stock Analysis Report

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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.

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