Business First (BFST) Surges 6.0%: Is This an Indication of Further Gains?

Business First (BFST) shares soared 6% in the last trading session to close at $22.91. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 5.3% gain over the past four weeks. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. Shares of Business Fi ...