Vulcan Materials (VMC) Surges: Stock Moves 7.5% Higher
Vulcan Materials Company VMC was a big mover last session, as the company saw its shares rise more than 7% 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 $110.92 to $118.38 in the past one-month time frame.
The move came after the company reported solid first-quarter 2018 results.
The company has seen three negative estimate revisions in the past month, while its Zacks Consensus Estimate has also moved lower in the said time period, 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.
Vulcan Materials currently has a Zacks Rank #4 (Sell), while its Earnings ESP is positive.
A better-ranked stock in the Building Products – Concrete and Aggregates industry is Anhui Conch Cement Company Limited AHCHY, which currently 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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Vulcan Materials Company (VMC): Free Stock Analysis Report
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