Revenue Update on Cal-Maine Foods Inc(NASDAQ:CALM)

Cal-Maine Foods Inc(NASDAQ:CALM) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during Pre-Market on Mar 27, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.09.

Cal-Maine Foods Inc (CALM) made into the market gainers list on Fridays trading session with the shares advancing 0.13% or 0.05 points. Due to strong positive momentum, the stock ended at $37.35, which is also near the day’s high of $37.5. The stock began the session at $37.15 and the volume stood at 5,09,916 shares. The 52-week high of the shares is $55.155 and the 52 week low is $35.65. The company has a current market capitalization of $1,813 M and it has 4,85,29,753 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jan 27, 2017, James E Poole (director) sold 2,200 shares at $42.33 per share price.Also, On Jan 20, 2017, Letitia Callender Hughes (director) sold 1,000 shares at $43.51 per share price.On Jan 19, 2017, Robert L Jr Holladay (VP – General Counsel) sold 2,297 shares at $42.76 per share price, according to the Form-4 filing with the securities and exchange commission.

Cal-Maine Foods Inc. is a producer and marketer of shell eggs in the United States. The Company’s primary business is the production grading packaging marketing and distribution of shell eggs. The Company sells its shell eggs in the southwestern southeastern mid-western and mid-Atlantic regions of the United States. The Company markets its shell eggs through its distribution network to a group of customers including national and regional grocery store chains club stores foodservice distributors and egg product consumers. Some of its sales are completed through co-pack agreements. It has a total flock of approximately 33.7 million layers and 8.4 million pullets and breeders. The Company markets its specialty shell eggs under brands such as Egg-Land’s Best Land O’ Lakes Farmhouse and 4-Grain. The Company also produces markets and distributes private label specialty shell eggs to several customers.

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