Anixter International Inc. AXE was a big mover last session, as the company saw its shares rise above 5% on the day. The move came on solid volume with far more shares changing hands than in a normal trading session. This continues the recent uptrend for the company as the stock is now up almost 29% in the past one-month time frame.
In the last 30 days, the company has seen one upward and one downward estimate revision and the Zacks Consensus Estimate also moved higher, suggesting that more solid trading could be ahead for Anixter International. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Anixter International currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
A better-ranked stock from the broader Computer & Technology space is Advanced Energy Industries, Inc. AEIS, which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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