Steel Dynamics Inc. (STLD) was a big mover last session, as the company saw its shares rise by nearly 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 25.76 % in the past one-month time frame.
The company has seen three positive and one negative revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Steel Dynamics. So make sure to keep an eye on this stock going forward to see if the recent jump can turn into more strength down the road.
Steel Dynamics currently has a Zacks Rank #3 (Hold) while its Earnings ESPis 0.00%.
Some better-ranked stocks in the wider basic materials sector include Alliance Resource Partners LP (ARLP), Hi-Crush Partners LP (HCLP) and Olympic Steel Inc. (ZEUS). While Alliance Resource Partners and Hi-Crush Partners sport a Zacks Rank #1 (Strong Buy), Olympic Steel Inc. carries a Zacks Rank #2 (Buy).
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