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Cementos Pacasmayo (CPAC) Soars: Stock Rises 7.7%

Zacks Equity Research

Cementos Pacasmayo SAA CPAC was a big mover last session, as its shares rose almost 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 $9.00 to $9.75 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days while the Zacks Consensus Estimate moved lower over the 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 can last.

Cementos Pacasmayo currently carries a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.




A better-ranked stock in the industrial goods space is Eagle Materials Inc. EXP, which carries a Zacks Rank #2 (Buy).

Is CPAC going up? Or down? Predict to see what others think: Up or Down

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