USG Corporation (USG Quick QuoteUSG - Free Report) was a big mover last session, as the company saw its shares rise roughly 7% on the day. The upside was driven by the news that the company has entered into a definitive agreement with ABC Supply through which the former would divest its L&W Supply Corporation to the latter for $670 million cash. The transaction is expected to be completed before the current year ends. This led to solid volume too with far more shares changing hands than in a normal session. Yesterday’s rally breaks the recent trend of the company, as the stock is now trading above the volatile price range of $27.34 to $28.39 in the past one-month time frame.

The company has seen no estimate revisions over the past 7 days, while the Zacks Consensus Estimate remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

USG CORP Price

 

USG CORP Price | USG CORP Quote

A better-ranked stock in the same industry is Gibraltar Industries, Inc. (ROCK Quick QuoteROCK - Free Report) , which sports a Zacks Rank #1 (Strong Buy).

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