First Horizon National Corporation (NYSE:FHN) was a big mover last session, as the company saw its shares rise nearly 7% 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 $14.10 to $15.10 in the past one-month time frame.
The upmove came after the company's second-quarter 2019 earnings trumped estimates.
The company has seen four negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
First Horizon currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Investors interested in the Banks - Southeast industry may consider a better-ranked stock like Hilltop Holdings Inc. (NYSE:HTH) , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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First Horizon National Corporation (FHN): Free Stock Analysis Report
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