Tronox Limited (TROX) was a big mover last session, as the company saw its shares rise nearly 8% 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 $22.69 to $25.82 in the past one-month time frame.
This chemical specialty stock witnessed 3 downward revisions over the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Tronox Limited carries a Zacks Rank #4 (Sell), while its Earnings ESP is negative.
However, some better-ranked stocks in the same industry include International Flavors & Fragrances Inc. (IFF), Novozymes A/S (NVZMY) and Sensient Technologies Corporation (SXT). All these stocks hold a Zacks Rank #2 (Buy).
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TRONOX LTD CL A ORD (TROX): Free Stock Analysis Report
INTERNATIONAL FLAVORS (IFF): Free Stock Analysis Report
NOVOZYMES UNSPN ADR (NVZMY): Free Stock Analysis Report
SENSIENT TECH CORP (SXT): Free Stock Analysis Report
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