Axiall Corporation (AXLL) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $45.36–$48.98 in the past one-month time frame, showed a sharp decline yesterday at $45.15.
This slump shouldn’t be too much of a surprise to investors, as the chemical products company has seen 1 negative revision 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.
AXLL currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Some better-ranked stocks in the basic materials sector include KMG Chemicals Inc. (KMG), Ashland Inc. (ASH) and Celanese Corporation (CE). While KMG Chemicals carries a Zacks Rank #1 (Strong Buy), Ashland and Celanese Corporation hold a Zacks Rank #2 (Buy).
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AXIALL CORP (AXLL): Free Stock Analysis Report
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CELANESE CORP DEL (CE): Free Stock Analysis Report
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