Arconic Inc. (NYSE:ARNC) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $16.14 –$20.34 in the past one-month time frame, witnessed a sharp increase yesterday.
The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Arconic. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Arconic currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
Arconic Inc. Price
Investors interested in the Basic Materials sector may consider Denison Mines Corp. (NYSE:DNN) , which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is ARNC going up? Or down? Predict to see what others think: Up or Down
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple (NASDAQ:AAPL) sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Denison Mine Corp (DNN): Free Stock Analysis Report
Arconic Inc. (ARNC): Free Stock Analysis Report
Original post
Zacks Investment Research