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AAR Corp (AAR) Jumps: Stock Rises 9.7%
AAR Corp. (AIR - Free Report) was a big mover last session, as the company saw its shares rise nearly 10% 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 $17.48 – $20.52 in the past one-month time frame, witnessed a sharp increase on Friday.
The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be 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.
AAR Corp currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
AAR Corp. Price
AAR Corp. price | AAR Corp. Quote
Investors interested in the Aerospace - Defense Equipment industry may consider Teledyne Technologies Incorporated (TDY - Free Report) , which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
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