Why Cal-Maine Foods Shares Were Volatile Today

Cal-Maine Foods (CALM 2.46%), 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. In a volatile day for broader markets, shares of Cal-Maine fell 8% at the open, soared as high as up 6% mid-day, and were up about 3% heading into the close.A busy quarterEgg prices have been in the news due to the impact of bird flu, but Cal-Maine is trying its best to remain focused on business ...