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BREAKING:

$535B CANADA BUDGET PROJECTS $39.8B DEFICIT, AIMS TO RESTORE ECONOMIC FAIRNESS

It seeks to ease the housing and affordability crisis by making older, wealthier Canadians pay more

Lamb Weston (LW) Catches Eye: Stock Jumps 6.2%

Zacks Equity Research

Lamb Weston Holdings, Inc. LW was a big mover last session, as the company saw its shares rise more than 6% 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 $70.57 to $74.14 in the past one-month time frame.

The move came after the company reported solid first-quarter fiscal 2020 results and reaffirmed fiscal 2020 view.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Lamb Weston currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Lamb Weston Holdings Inc. Price

Lamb Weston Holdings Inc. Price
Lamb Weston Holdings Inc. Price

Lamb Weston Holdings Inc. price | Lamb Weston Holdings Inc. Quote

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Is LW going up? Or down? Predict to see what others think: Up or Down

More Stock News: This Is Bigger than the iPhone!

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Lamb Weston Holdings Inc. (LW) : Free Stock Analysis Report
 
Beyond Meat, Inc. (BYND) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research