Mueller Water Products, Inc. (MWA) was a big mover last session, as its shares rose above 13% 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 volatile trend for the company, as the stock is now trading above the volatile price range of $7.72 to $8.63 in the past one-month timeframe.
In the last 30 days, the company witnessed two negative estimate revisions and the Zacks Consensus Estimate also moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Mueller Water Products currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Other better-ranked stocks in the basic materials sector include The Andersons, Inc. (ANDE), AngloGold Ashanti Ltd. (AU) and Impala Platinum Holdings Ltd. (IMPUY). All three sport a Zacks Rank #1 (Strong Buy).
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