Solazyme (SZYM) in Focus: Stock Moves 6.8% Higher – Tale of the Tape

March 12, 2014 Technicals 0

Zacks

Solazyme, Inc. (SZYM) was a big mover last session, as the company saw its shares rise by almost 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up almost 30% in the past one-month time frame.

This biofuel company has seen one positive estimate revision and four negative estimate revisions over the last 30 days and 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 this recent move higher can last.

Solazyme currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the basic materials sector include Green Plains Renewable Energy, Inc. (GPRE), AK Steel Holding Corporation (AKS) and BHP Billiton Ltd.(BHP). All these stocks carry a Zacks Rank #1 (Strong Buy).

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