Triumph Group, Inc. TGI was a big mover last session, as the company saw its shares rise more than 19% on the day. Shares moved up after the company's board appointed Daniel Crowley as president, CEO and a director of the company, effective Jan 4.This led to 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 $33.17 to $40.17 over the past one-month time frame.
This aerospace/defense equipment industry stock witnessed one negative estimate revision over the past 30 days. The Zacks Consensus Estimate also moved down 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 lasts.
Triumph Group carries a Zacks Rank #3 (Hold), while its Earnings ESP is positive.
However, a better-ranked stock in the same space is AeroVironment, Inc. AVAV, carrying a Zacks Rank #2 (Buy).
Is TGI going up? Or down? Predict to see what others think: Up or Down
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