UTi Worldwide Inc. (UTIW) 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 stock, trading at a volatile range of $9.19–$10.28 in the past one-month time frame, showed a sharp decline yesterday at $9.70.
Although this slump was obviously disappointing, the supply chain services and solutions provider has seen 1 positive revision and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for UTIW. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
UTIW currently has a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the Transportation sector include American Airlines Group Inc. (AAL), Alaska Air Group, Inc. (ALK) and Delta Air Lines Inc. (DAL). All these stocks carry a Zacks Rank #1 (Strong Buy).
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UTI WORLDWIDE INC (UTIW): Free Stock Analysis Report
AMERICAN AIRLINES GROUP INC (AAL): Free Stock Analysis Report
ALASKA AIR GROUP INC (ALK): Free Stock Analysis Report
DELTA AIR LINES INC (DAL): Free Stock Analysis Report
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