Cal-Maine Foods Stock Jumps as Strong Egg Demand Boosts Earnings—Key Level to Watch

Key TakeawaysCal-Maine Food shares jumped more than 8% in premarket trading Wednesday after the company posted better-than-expected quarterly earnings and sales as strong demand for eggs helped offset lower prices.The company’s sales volumes increased 3.2% from last year’s corresponding quarter, with both conventional and specialty egg sales recording low to mid-single-digit percentage growth.The egg producer has detected Avian Influenza at its Texas facility, resulting in a 3.6% reduction of its total floc ...