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Reynolds American (RAI) Catches Eye: Stock Jumps 14%

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Reynolds American Inc. was a big mover last session, as the company saw its shares rise almost 14% 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 $46.29 to $48.78 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days, while the Zacks Consensus Estimate moved lower, suggesting 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.

Reynolds American has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

A better-ranked stock in the same industry is Turning Point Brands, Inc. (TPB - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is RAI going up? Or down? Predict to see what others think: Up or Down

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