NL Industries Inc. (NL) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above the volatile price range of $7.09–$7.47 since Apr 30.
This chemical-specialty stock witnessed one positive estimate revision over the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for NL Industries. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.
NL Industries has a Zacks Rank #2 (Buy).
Investors interested in the space can also consider Ferro Corporation (FOE), sporting a Zacks Rank #1 (Strong Buy).
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