Molycorp, Inc. (MCP) was a big mover last session, as the company saw its shares rise by over 12% 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 22.2% in the past one-month time frame.
The company has seen no estimate revisions in the past 30 days and the Zacks Consensus Estimate has also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Molycorp currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the wider basic materials sector include The Andersons, Inc. (ANDE), Gruma S.A.B. de CV (GMK) and Green Plains Inc. (GPRE). Each of these stocks sports a Zacks Rank #1 (Strong Buy).
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