Owens Corning (OC) was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues yesterday’s uptrend for the company — as the stock is now up more than 7% in the past one-month time frame.
The company has seen 1 positive estimate revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Owens Corning currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked stock in the same space is Headwaters Incorporated (HW) sporting a Zacks Rank #1 (Strong Buy).
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