Advance Auto Parts Inc. AAP was a big mover last session, as the company saw its shares rise 15% on the day. The upside was driven by the company's announcement of better-than-expected results in third-quarter 2016. The news also led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $136.19 to $145.82 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days, while its Zacks Consensus Estimate moved lower, suggesting 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.
Advance Auto Parts has a Zacks Rank #4 (Sell).
A better-ranked stock in the same industry is Allison Transmission Holdings, Inc. ALSN, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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