Armstrong (AWI) Looks Good: Stock Adds 6.9% In Session

Armstrong World Industries, Inc. (NYSE:AWI) was a big mover last session, as the company saw its shares rise almost 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $50.05-$53.90 in the past one-month time frame, showed a sharp increase yesterday.

The move came after the company’s joint venture with Worthington Industries, Inc. – Worthington Armstrong Venture – has announced the sale of its business and operations in Europe, Middle East, Africa and Asia to Knauf Group.

The company has seen four positive estimate revisions in the past one month, while its Zacks Consensus Estimate has also moved higher over the said time frame, suggesting that more solid trading could be ahead for Armstrong. 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.

Armstrong currently has a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00%.

Investors interested in the Building Products - Miscellaneous industry may consider United Rentals, Inc. (NYSE:URI) ), which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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