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Monsanto (MON) Catches Eye: Stock Gains 8.4% in Session

Monsanto Company MON was a big mover last session, as the company saw its shares rise over 8% on the day. The upside followed speculations that the agricultural specialist might be a potential takeover target. This also led to 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 $88.37 to $95.65 in the past one-month time frame.

None of the estimates for this 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.

Mosanto currently has a Zacks Rank #3 (Hold) with an Earnings ESP of 0.00%.

A better-ranked stock in the broader consumer staples sector is B&G Foods Inc. BGS, with a Zacks Rank #1 (Strong Buy).

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

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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
 
B&G FOODS CL-A (BGS): Free Stock Analysis Report
 
MONSANTO CO-NEW (MON): Free Stock Analysis Report
 
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