Weakness Seen in Wesco Aircraft Holdings (WAIR): Stock Falls 5.3%

Zacks

Wesco Aircraft Holdings, Inc. (WAIR) saw a big move last session, as the company’s shares fell by over 5% 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 WAIR, as the stock is now up over 10% since Jul 21.

This slump shouldn’t be too much of a surprise to investors, as the Aerospace supply chain management services provider has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

WAIR currently has a Zacks Rank #4 (Sell).

Some better-ranked stocks in the same sector include The Boeing Company (BA), General Dynamics Corp. (GD) and Huntington Ingalls Industries, Inc. (HII). All these stocks hold a Zacks Rank #2 (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 >>



WESCO AIRCRAFT HOLDINGS INC (WAIR): Free Stock Analysis Report

BOEING CO (BA): Free Stock Analysis Report

GENERAL DYNAMICS CORP (GD): Free Stock Analysis Report

HUNTINGTON INGALLS INDUSTRIES (HII): Free Stock Analysis Report


Zacks Investment Research

View Comments (0)