Strength Seen in Diamond Foods (DMND): Stock Rises 9.7%

Diamond Foods, Inc. DMND was a big mover last session, as the company saw its shares rise nearly 10% on the day. The upside came on renewed speculations about the company considering a merger and acquisition agreement. This continues the recent uptrend for the company as the stock is now up about 20% in the past one-month time frame.

In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Diamond Foods carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

A better-ranked Miscellaneous-Diversified Food stock is Cal-Maine Foods, Inc. CALM, which sports a Zacks Rank #1 (Strong Buy).

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