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Armstrong (AWI) Looks Good: Stock Adds 6.9% in Session
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Armstrong World Industries, Inc. (AWI - Free Report) was a big mover last session, as the company saw its shares rise almost 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $50.05-$53.90 in the past one-month time frame, showed a sharp increase yesterday.
The move came after the company’s joint venture with Worthington Industries, Inc. – Worthington Armstrong Venture – has announced the sale of its business and operations in Europe, Middle East, Africa and Asia to Knauf Group.
The company has seen four positive estimate revisions in the past one month, while its Zacks Consensus Estimate has also moved higher over the said time frame, suggesting that more solid trading could be ahead for Armstrong. 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.
Armstrong currently has a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00%.
Is AWI going up? Or down? Predict to see what others think: Up or Down
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
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Armstrong (AWI) Looks Good: Stock Adds 6.9% in Session
Armstrong World Industries, Inc. (AWI - Free Report) was a big mover last session, as the company saw its shares rise almost 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $50.05-$53.90 in the past one-month time frame, showed a sharp increase yesterday.
The move came after the company’s joint venture with Worthington Industries, Inc. – Worthington Armstrong Venture – has announced the sale of its business and operations in Europe, Middle East, Africa and Asia to Knauf Group.
The company has seen four positive estimate revisions in the past one month, while its Zacks Consensus Estimate has also moved higher over the said time frame, suggesting that more solid trading could be ahead for Armstrong. 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.
Armstrong currently has a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00%.
Armstrong World Industries Inc Price
Armstrong World Industries Inc Price | Armstrong World Industries Inc Quote
Investors interested in the Building Products - Miscellaneous industry may consider United Rentals, Inc. (URI - Free Report) ), which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is AWI going up? Or down? Predict to see what others think: Up or Down
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>