Blue Bird Increases Annual Guidance

Blue Bird Corporation (BLBD) announced positive financial results on February 7. The company’s net sales for the first fiscal quarter of 2018 were 19% higher compared to the same time during the previous year. The company increased its earnings guidance for 2018 to between $1,010 million and $1,040 million in net sales.

 

Sonal detected the event and issued an alert at 7:30 am. The next trade took place for $19.40 at the open of regular market trading. The stock price moved higher throughout the day before closing at $22.15. That makes a gain of over 14% on the day of the event.

The stock price pushed higher into the next five trading days before closing at $22.70 on February 14. Investors who purchased stock after the event announcement had the opportunity to earn a 17% return during the next few trading days.

 

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