Veritiv Corporation (VRTV) saw a big move last session, as the company’s shares fell by nearly 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for VRTV as the stock is now up around 5% since May 12.
Although this slump was obviously disappointing, the paper and related products company has seen 1 positive revision and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for VRTV. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
VRTV currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Another better-ranked stock in the same sector is Rexam plc (REXMY) with a Zacks Rank #1 (Strong Buy).
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