KeyCorp. (KEY) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for KEY, as the stock is now down by about 14% since Sep 18.
This slump shouldn’t be too much of a surprise to investors, as this multi-vendor, payments technology service provider has seen 6 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
KEY currently has a Zacks Rank #3(Hold).
Some better-ranked stocks in the broader Finance sector include Argo Group International Holdings, Ltd. (AGII), American Capital Agency Corp. (AGNC) and Aspen Insurance Holdings Ltd. (AHL). All these stocks hold a Zacks Rank #1 (Strong Buy).
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