Navistar International (NAV) Jumps: Stock Rises 7.4%

ALSN

Navistar International Corporation was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $38.18–$41.63 in the past one-month time frame, witnessed a sharp increase yesterday.

The shares rose after the company reported better-than-expected results for fourth quarter and fiscal 2017 earnings.

The company has seen two positive estimate revisions in the past one month versus one negative revision. Its Zacks Consensus Estimate for the current quarter has also moved higher over the same time frame, suggesting that more solid trading could be ahead for the company. 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.

Navistar International Corporation Price and Consensus

Navistar International currently has a Zacks Rank #3 (Hold)) while its Earnings ESPis negative.

A better ranked stock in the  Automotive - Original Equipment industry is Allison Transmission Holdings, Inc.(ALSN - Free Report) which  carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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