Treehouse Foods, Inc. (THS) was a big mover last session, as the company saw its shares rise more than 9% on the day. Shares moved up after its competitor ConAgra Foods Inc. (CAG) announced that it would exit the private label business. This led to 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 range of $69.44 to $78.99 in the past one-month time frame.
None of the estimates for this food industry stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Treehouse Foods has a Zacks Rank #5 (Strong Sell), while its Earnings ESP is 0.00%.
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TREEHOUSE FOODS (THS): Free Stock Analysis Report
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