Susie:
BB&T Corp. raised Cal-Maine Foods from a hold rating to a buy rating and set a $62.00 price objective for the company in a research report on Monday, August 31st.
Tamra:
They currently have $63.38 target price on the stock.
Eula:
Yet despite its dominant position in the marketplace, Cal-Maine sports a surprisingly reasonable valuation of just 8.9 times earnings after Monday's sell-off.
Shila:
As a result, revenues of $609.9 million grew 71% year-over-year and exceeded analyst expectations for $600 million in sales.
Robbi:
Average selling price on these eggs leapt 66% to $2.24 per dozen.
Fabiola:
Investors reacted negatively to the news, with shares falling 12% during the trading day.
Lacie:
Beyond stocks, oil prices upshifted nearly 2%, lifting West Texas Intermediate back above $45 a barrel and Brent crude above $48. Gold remained a fraction lower near $1,130 an ounce.
Jackelyn:
The stock tripped a sell signal by cutting below its 10-week moving average in heavy trade on Monday.
Ruthie:
The gain left shares still below their 10-week moving average in a four-month consolidation.
Gita:
Japan-based stocks were under some stress after Tokyo's Nikkei 225 dropped 4.1% in Tuesday's session.
Cal-Maine Foods (NASDAQ:CALM)
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