Why B&G Stock Is Soaring Today
B Foods (NYSE: BGS) stock is roaring higher in Wednesday's trading. The company's share price was up 12.5% as of 11:40 a.m. ET. The S 500 was up 0.8%, and the Nasdaq Composite was up 1.4%. Earlier in the session, the stock had been up as much as 26.1%.
B's valuation is surging following the company's latest quarterly report. While earnings missed Wall Street's expectations, sales beat the target -- and the foods specialist announced some major product portfolio shifts that investors are happy about.
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Source Fool.com
