Caleres, Inc. CAL was a big mover last session, as the company saw its shares rise over 14% on the day. The upside was driven by the company’s announcement of solid third-quarter 2016 results. The news also led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $24.20 to $28.66 in the past one-month time frame.
The company has seen one positive estimate revision over the past 30 days, while the Zacks Consensus Estimate moved higher suggesting solid trading ahead. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Caleres carries a Zacks Rank #3 (Hold).
A better-ranked stock in the same industry is Weyco Group Inc. WEYS, carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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