Myers Industries Inc. (MYE) was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on 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 $18.89 to $20.08 in the past one-month time frame.
The company has seen one negative revision in the past 30 days while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s jump lasts.
Myers Industries currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
However, some better-ranked stocks in the basic materials sector include Franco-Nevada Corp. (FNV), AngloGold Ashanti Ltd. (AU) and AK Steel Holding Corp. (AKS). While Franco-Nevada and AngloGold Ashanti sport a Zacks Rank #1 (Strong Buy), AK Steel Holding has a Zacks Rank #2 (Buy).
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