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CNO Financial (CNO) in Focus: Stock Moves 7.7% Higher
CNO Financial Group, Inc. (CNO - Free Report) was a big mover last session, as the company saw its shares rise roughly 8% on the day. The upside was driven by the company’s announcement of better-than-expected earnings and revenues for the third quarter of 2016. This led to 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 $15.00 to $15.95 in the past one-month time frame.
In the last 30 days, the company witnessed two negative estimate revisions and the Zacks Consensus Estimate also moved lower over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
CNO Financial currently carries a Zacks Rank #5 (Strong Sell).
CNO FINL GRP Price
CNO FINL GRP Price | CNO FINL GRP Quote
A better-ranked stock in the same industry is Prudential Financial, Inc. (PRU - Free Report) , which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is CNO going up? Or down? Predict to see what others think: Up or Down
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