Black Diamond, Inc. (BDE) was a big mover last session, as the company saw its shares increase more than 7% on the day. The move came on the back of solid volume too, as far more shares changed hands than in a normal session. This continues the recent uptrend for this consumer goods company as the stock is now up nearly 20% in the past one month time frame.
The company has seen 3 negative estimate revisions in the past few weeks and its earnings consensus has moved lower over the past two months, suggesting there may be trouble down the road for BDE. So make sure to keep an eye on this stock going forward to see if this recent rally can last.
Black Diamond currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better performing consumer goods stocks include Polaris Industries, Inc. (PII), Brunswick Corporation (BC) and Smith & Wesson Holding Corporation (SWHC). All these carry a Zacks Rank #2 (Buy).
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