Cabot Corporation (CBT) saw a big move last session, as the company’s shares fell by nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for CBT, as the stock is now down 13% in the past one-month time frame.
This specialty chemicals and performance materials company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (0 increases, 1 decrease) and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
CBT currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the Basic materials sector include Globe Specialty Metals, Inc. (GSM), Limoneira Company (LMNR) and Pretium Resources Inc. (PVG). All these stocks hold a Zacks Rank #1 (Strong 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 >>
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
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment