Rayonier Advanced Materials Slumps: RYAM Falls 6.4% in Session
Rayonier Advanced Materials Inc. (RYAM) saw a big move last session, as the company’s shares fell by over 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 RYAM, as the stock is now down about 14% since Oct 1.
This supplier of high-purity, cellulose specialties products has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), 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.
RYAM currently has a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the Basic materials sector include Globe Specialty Metals, Inc. (GSM), Limoneira Company (LMNR) and Pretium Resources Inc. (PVG). All these stocks hold a Zacks Rank #1 (Strong Buy).
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RAYONIER ADVANCED MATERIALS INC (RYAM): Free Stock Analysis Report
LIMONEIRA CO (LMNR): Free Stock Analysis Report
GLOBE SPECIALTY METALS INC (GSM): Free Stock Analysis Report
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