Axiall Corporation (AXLL) 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 reverses the recent trend for the company as the stock is now down 13% in the past one-month time frame.
In the last 30 days, the company witnessed two negative estimate revisions and the Zacks Consensus Estimate also moved lower over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
Axiall currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
A better-ranked stock in the diversified chemical industry is Celanese Corporation (CE), which sports a Zacks Rank #1 (Strong Buy).
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