SUPERVALU Inc. SVU was a big mover last session, as the company saw its shares rise almost 6% on the day. The upside was driven by the company’s announcement of its decision to sell its Save-A-Lot business to Canadian private equity firm Onex for $1.37 billion in cash. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.56 to $5.13 in the past one-month time frame.
In the last 30 days, the company has seen one downward estimate revision but the Zacks Consensus Estimate 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 currently carries a Zacks Rank #4 (Sell), while its Earnings ESP is positive.
A better-ranked Food-Miscellaneous/Diversified stock is Tate & Lyle plc TATYY, which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is SVU going up? Or down? Predict to see what others think: Up or Down
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
To read this article on Zacks.com click here.
Zacks Investment Research