CALM Stock Recent News
CALM LATEST HEADLINES
After reaching an important support level, Cal-Maine Foods (CALM) could be a good stock pick from a technical perspective. CALM surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.
Cal-Maine Foods (CALM 2.80%), the nation's largest egg producer, missed on earnings but announced an agreement to acquire breakfast food manufacturer Echo Lake Foods. Investors weren't sure what to make of it all.
Cal-Maine Food's solid third-quarter fiscal 2025 results reflect the impacts of the higher net average selling price of eggs and robust seasonal demand.
The Justice Department is looking into whether egg producers violated antitrust laws to boost egg prices higher than what they should be.
Get more equity coverage like this on the Stock Movers podcast from Bloomberg, featuring five-minute episodes on the winners and losers in the stock market. Subscribe here: https://link.podtrac.com/h0zn7xir - Delta (DAL) shares are up despite withdrawing its full-year financial guidance due to uncertainty surrounding global trade, a stark sign of the turmoil rippling across corporate America from President Donald Trump's tariffs.
U.S. stock futures were lower this morning, with the Dow futures falling more than 600 points on Wednesday.
The egg price increases have put Cal-Maine, which provides around 20% of the nation's eggs, under increased scrutiny. On Tuesday, Cal-Maine said its quarterly sales nearly doubled to $1.42 billion.
Cal-Maine Foods, the largest egg supplier in the U.S., announced Tuesday it is cooperating with the Justice Department as the federal agency investigates it over egg prices that surged at the start of the year, which served as a focal point for U.S. inflation woes.
Cal-Maine said revenue doubled to $1.42 billion in its fiscal third quarter. The revenue increase was driven by the net average selling price , which jumped to $4.06 a dozen compared with $2.25 a year ago, the company said.
Shares of Cal-Maine Foods Inc. fell after hours on Tuesday after the egg producer reported fiscal third-quarter results that missed Wall Street's estimates, following a spike in egg prices over recent months that had catapulted its profits higher.