Lexmark International (LXK) Crumbles: Stock Falls by 6.9%

Zacks

Lexmark International Inc. (LXK) saw a big move last session, as the company’s shares fell by nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for LXK as the stock is now up around 2% in the past one-month time frame.

Lexmark International has seen a flat track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), 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 of this firm in the near future, and especially on earnings estimates following the recent slump.
 
LXK currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
 
Some better-ranked stocks in the computer and technology sector include Canon Inc. (CAJ), Ricoh Company, Ltd. (RICOY) and Analog Devices, Inc. (ADI). All these stocks hold a Zacks Rank #2 (Buy).

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