Dynegy Inc. (NYSE:DYN) was a big mover last session, as the company saw its shares rise more than 17% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $9.09 to $9.87 in the past one-month time frame.
The upside was driven by rumors of a potential buyout of the company by Vistra Energy.
The company has seen a mixed track record when it comes to estimate revisions of one increase and one decrease over the past one month, while the Zacks Consensus Estimate for the current quarter has moved lower. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Dynegy currently has a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
A better-ranked stock in the Utility - Electric Power industry is The ALLETE, Inc. (NYSE:ALE) , which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is DYN going up? Or down? Predict to see what others think: Up or Down
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Dynegy Inc. (DYN): Free Stock Analysis Report
Allete, Inc. (ALE): Free Stock Analysis Report
Original post
Zacks Investment Research