Koppers Holdings Inc. (KOP) was a big mover last session, as the company saw its shares rise more than 10% on the day. The upside came after the company announced that its wholly-owned subsidiary Koppers Inc. has agreed to contract extensions with each of its two largest railroad customers, BNSF Railway Company (BNSF) and CSX Transportation, Inc. (CSX). The news led to far more shares changing hands than in a normal session breaking the recent trend of the company, as the stock is now trading above the volatile price range of $18.41 to $20.48 over the past one-month time frame.
The stock has witnessed one downward estimate revision in the past 30 days. The Zacks Consensus Estimate has also moved down over same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher lasts.
Koppers Holdings carries a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
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