Univar Inc. (NYSE:UNVR) was a big mover last session, as the company saw its shares rise more than 7% on Friday. 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 $28.63 to $29.79 in the past one-month time frame.
The move came after the company announced the pricing of its earlier-announced public offering of 10,000,000 shares at $28.79 per share.
The company has not seen any estimate revisions over the past one month, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Univar currently has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
A better-ranked stock in the Chemical - Diversified industry is Koppers Holdings Inc. (NYSE:KOP) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is UNVR going up? Or down? Predict to see what others think: Up or Down
Wall Street’s Next Amazon (NASDAQ:AMZN)
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Univar Inc. (UNVR): Free Stock Analysis Report
Original post
Zacks Investment Research