United Stationers Inc. (USTR) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good 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 below the volatile price range of $39.90 to $43.00 in the past one-month time frame.
This wholesale distributor of business products has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
USTR currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the broader Retail-Wholesale sector include Barnes & Noble, Inc (BKS), Zale Corporation (ZLC) and Movado Group, Inc. (MOV). All these stocks carry a Zacks Rank #1 (Strong Buy).
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