Woodward, Inc. WWD was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $73.61–$83.41 in the past one-month time frame, showed a sharp increase yesterday.
The upside was driven after the company was in rumors of a potential buyout by Boeing Co. However, per sources the company denied such rumors.
The company has seen three positive estimate revisions in the past one month, while its Zacks Consensus Estimate has also moved higher over the said time period, suggesting that more solid trading could be ahead for Woodward. 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.
Woodward currently has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
A better-ranked stock in the Instruments – Control industry is Badger Meter, Inc. BMI, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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