Cal-Maine Foods up 11.8% after Barron’s report
Cal-Maine Foods Inc. (Nasdaq:CALM) is up 11.8% in pre-market trading today after weekly financial publication Barron’s said over the weekend the shell egg producer could double profits during the next year. The Jackson, Miss.-based company closed a deal on Tuesday last week to acquire Zephyr Egg Company, an agreement that included two million hens, pullet growing facilities, two egg processing plants and a feed mill. Cal-Maine also acquired Zephyr’s holdings in American Egg Products Inc. Ahead of the opening bell today, Cal-Maine shares are at $36.00, up $3.80 from Friday’s close. Shares of the company have gone up more than 73% during the past year.
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