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Calumet Specialty Products (CLMT) Jumps: Stock Up 14.9%

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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

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