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Meritor, Inc. was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 32.2% in the past one-month time frame.
The move came after the company announced that it has decided to exit the Meritor WABCO joint venture with WABCO Holdings Inc. and sell its interest to WABCO.
The company has seen three positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Meritor. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Is MTOR going up? Or down? Predict to see what others think: Up or Down
4 Promising Stock Picks to Keep an Eye On
With news stories about computer hacking and identity theft becoming increasingly commonplace, the cybersecurity industry looks like a promising investment opportunity. But which stocks should you buy? Zacks just released Cybersecurity: An Investor’s Guide to Locking Down Profits to help answer this question.
This new Special Report gives you the information you need to make well-informed investment choices in this space. More importantly, it also highlights 4 cybersecurity picks with strong profit potential.
Image: Bigstock
Meritor (MTOR) in Focus: Stock Moves 7.8% Higher
Meritor, Inc. was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 32.2% in the past one-month time frame.
The move came after the company announced that it has decided to exit the Meritor WABCO joint venture with WABCO Holdings Inc. and sell its interest to WABCO.
The company has seen three positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Meritor. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Meritor, Inc. Price
Meritor, Inc. Price | Meritor, Inc. Quote
Meritor currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.
Another stock worth considering in the Auto-Tires-Trucks sector is Allison Transmission Holdings, Inc. (ALSN - Free Report) which carries a Zacks Rank #1.You can see the complete list of today’s Zacks #1 Rank stocks here.
Is MTOR going up? Or down? Predict to see what others think: Up or Down
4 Promising Stock Picks to Keep an Eye On
With news stories about computer hacking and identity theft becoming increasingly commonplace, the cybersecurity industry looks like a promising investment opportunity. But which stocks should you buy? Zacks just released Cybersecurity: An Investor’s Guide to Locking Down Profits to help answer this question.
This new Special Report gives you the information you need to make well-informed investment choices in this space. More importantly, it also highlights 4 cybersecurity picks with strong profit potential.
Get the new Investing Guide now>>