Navistar International (NAV) Falls: Stock Goes Down 6% – Tale of the Tape

Zacks

Navistar International Corporation (NAV) saw a big move last session, as the company’s shares fell by about 6% 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 NAV, as the stock is now down over 13% in the past one-month time frame.

The manufacturer and seller of commercial and military trucks, diesel engines, and school and commercial buses has seen a flat track record when it comes to current year estimate revisions over the past few weeks 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 on this firm in the near future, and especially on earnings estimates following the recent slump.

NAV currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Investors interested in the Auto/Truck-Originals industry may consider better-ranked stock like Superior Industries International, Inc. (SUP), which carries a Zacks Rank #1 (Strong Buy).

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