Libbey (LBY) Falls: Stock Goes Down 5.6%

Zacks

Libbey Inc. (LBY) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for LBY, as the stock is now down 8.9% in the past one-month time frame.

Libbey 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.

LBY currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the consumer discretionary sector include Brunswick Corporation (BC), Dover Motorsports Inc. (DVD) and Harman International Industries, Incorporated (HAR). All these stocks hold a Zacks Rank #2 (Buy).

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