CorEnergy Infrastructure Trust, Inc. CORR was a big mover last session, as its shares rose over 8% on the day. The upside was driven by the upgrade of the company by Stifel. This also led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 20% in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days while the Zacks Consensus Estimate moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
CorEnergy Infrastructure currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
A better-ranked REIT-Equity Trust-Other stock is Brookfield Canada Office Properties BOXC which sports a Zacks Rank #1 (Strong Buy).
Is CORR going up? Or down? Predict to see what others think: Up or Down
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