Cal-Maine’s settlement dwarfed by $1.4 billion in higher egg sales
Cal-Maine Foods gained 0.9% to $84.59 Monday afternoon as traders seemed to shrug off the sticker shock from the U.S. egg-pricing settlement. Shares changed hands at 5.9 times trailing earnings, suggesting the market still sees Cal-Maine as a cyclical name instead of a company weighed down by a big cash hit.
