Terex Corporation (TEX) saw a big move last session, as the company’s shares fell by over 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $26.57–$31.77 in the past one-month time frame, showed a sharp decline yesterday at $27.38.
This slump shouldn’t be too much of a surprise to investors, as Terex has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
TEX currently has a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the industrial products sector include ARC Document Solutions, Inc. (ARC), Briggs & Stratton Corporation (BGG) and Century Aluminum Co. (CENX). All these stocks hold a Zacks Rank #1 (Strong Buy).
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