We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
Calumet Specialty Products (CLMT) Jumps: Stock Up 14.9%
Calumet Specialty Products Partners LP (CLMT - Free Report) was a big mover last session, as the company saw its shares rise almost 15% on the day. The news led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $3.50 to $4.96 in the past one-month time frame.
The company has seen four negative estimate revisions in the last 30 days and the Zacks Consensus Estimate also moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Calumet Specialty Products Partners currently carries a Zacks Rank #5 (Strong Sell) while its Earnings ESP is positive.
A better-ranked stock in the Oil Refining & Marketing space is CVR Refining, LP sporting a Zacks Rank #1 (Strong Buy).
Is CLMT going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>