Koppers Holdings Inc. (KOP) saw a big move last session, as the company’s shares fell 8% 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 KOP, as the stock is now down over 13% since Apr 16.
Although this slump was obviously disappointing, this carbon compounds and commercial wood treatment producer 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 KOP. 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.
KOP currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the same sector include Compass Minerals International Inc. (CMP), Celanese Corporation (CE) and Kronos Worldwide, Inc. (KRO). While Compass Minerals sports a Zacks Rank #1 (Strong Buy), Celanese Corp and Kronos hold a Zacks Rank #2 (Buy).
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KOPPERS HOLDINGS INC (KOP): Free Stock Analysis Report
COMPASS MINERALS INTL INC (CMP): Free Stock Analysis Report
CELANESE CORP DEL (CE): Free Stock Analysis Report
KRONOS WORLDWIDE INC (KRO): Free Stock Analysis Report
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