Dynegy (DYN) Surges: Stock Moves 17.1% Higher
Dynegy Inc. DYN was a big mover last session, as the company saw its shares rise more than 17% 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 $9.09 to $9.87 in the past one-month time frame.
The upside was driven by rumors of a potential buyout of the company by Vistra Energy.
The company has seen a mixed track record when it comes to estimate revisions of one increase and one decrease over the past one month, while the Zacks Consensus Estimate for the current quarter has moved lower. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Dynegy currently has a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
Dynegy Inc. Price
Dynegy Inc. Price | Dynegy Inc. Quote
A better-ranked stock in the Utility - Electric Power industry is The ALLETE, Inc. ALE, which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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