Methanex (MEOH) Catches Eye: Stock Moves 12.7% Higher
Methanex Corporation MEOH was a big mover last session, as the company saw its shares rise nearly 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $32.12 to $39.10 over the past one month time frame.
The stock has witnessed one downward estimate revision in the past seven days. The Zacks Consensus Estimate has moved down over same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher lasts.
Methanex carries a Zacks Rank #5 (Strong Sell), while its Earnings ESP is negative.
A better-ranked stock in the chem-diversifd industry is Koppers Holdings Inc. KOP, carrying a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Is MEOH going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
METHANEX CORP (MEOH): Free Stock Analysis Report
KOPPERS HOLDNGS (KOP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
