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Veoneer (VNE) Looks Good: Stock Adds 6.2% in Session

Zacks Equity Research

Veoneer, Inc. VNE was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 15.9% in the past one-month time frame.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Veoneer currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Veoneer, Inc. Price

Veoneer, Inc. Price | Veoneer, Inc. Quote

Investors interested in the Automotive - Original Equipment industry may consider Ferrari N.V. RACE, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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