Resolute Forest Products Inc. (RFP) 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 reverses the recent trend for the company as the stock is now down 1.95% in the past one-month time frame.
This paper and related products stock witnessed one positive revision over the past 60 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for Resolute Forest Products. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Resolute Forest Products has a Zacks Rank #1 (Strong Buy), while its Earnings ESP is 0.00%.
Investors interested in the sector may also consider stocks like Stora Enso Oyj (SEOAY), UPM-Kymmene Oyj (UPMKY) and Domtar Corporation (UFS). While Stora Enso Oyj and UPM-Kymmene Oyj sport a Zacks Rank #1, Domtar Corporation holds a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Be the first to comment