Weakness Seen in Core-Mark Holding Company (CORE): Stock Tumbles 9.5% – Tale of the Tape

Zacks

Core-Mark Holding Company, Inc. (CORE) saw a big move last session, as the company’s shares fell by nearly 10% 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 CORE, as the stock is now down 11% since Apr 2.

The business services company has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), 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.

CORE currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

A better-ranked stock in the business services sector is Sajan, Inc. (SAJA), which currently carries a Zacks Rank #1 (Strong Buy).

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