Lamb Weston stock rises 1.79% and snaps two-day losing streak
Updated
Updated · MarketWatch · May 6
Lamb Weston stock rises 1.79% and snaps two-day losing streak
12 articles · Updated · MarketWatch · May 6
Shares closed at $43.23 on Wednesday as the S&P 500 gained 1.46% to 7,365.12 and the Dow rose 1.24% to 49,910.59.
The stock remained 35.54% below its 52-week high of $67.07 reached on 27 October, despite outperforming Mondelez but lagging Kraft Heinz and General Mills.
Trading volume was 1.1 million shares, about 2.0 million below Lamb Weston's 50-day average of 3.1 million, suggesting the rebound came on relatively light activity.
Lamb Weston's stock is up, but with falling profits and past failures, is this a true recovery?
With an activist investor demanding change, is Lamb Weston's new strategy enough to reclaim its market dominance?