CF Industries Holdings, Inc. (CF) was a big mover last session with shares rising nearly 11% 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 of the company, as the stock is now trading much above the past one month’s volatile price range of $209.50 to $220.50.
This chemical fertilizer manufacturer has seen one positive estimate revision in the last 7 days. The Zacks Consensus Estimate also moved higher over the same period, implying more solid trading ahead for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s sharp climb can turn into more strength down the road.
CF Industries Holdings currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
However, better-ranked stocks in the Basic Materials sector include The Andersons, Inc. (ANDE), Clearwater Paper Corp. (CLW) and Ferro Corp. (FOE). While Andersons and Clearwater sport a Zacks Rank #1 (Strong Buy), Ferro Corp. carries a Zacks Rank #2 (Buy).
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