Rock-Tenn (RKT) Falls: Stock Goes Down 5.1%
Rock-Tenn Company (RKT) 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 RKT, as the stock is now down over 11% since Jul 1, 2014.
This slump shouldn’t be too much of a surprise to investors, as the paper and related products manufacturer has seen 1 negative revision 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.
RKT currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Some better-ranked stocks in the same sector include Mercer International Inc. (MERC), Rexam plc (REXMY) and PolyOne Corporation (POL). All these stocks hold a Zacks Rank #2 (Buy).
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ROCK TENN CO (RKT): Free Stock Analysis Report
MERCER INTERNATIONAL INC (MERC): Free Stock Analysis Report
REXAM PLC ADS (REXMY): Free Stock Analysis Report
POLYONE CORP (POL): Free Stock Analysis Report
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