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Resolute Forest Products (RFP) in Focus: Stock Adds 6.9%

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Resolute Forest Products Inc. (RFP) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 1.95% in the past one-month time frame.

This paper and related products stock witnessed one positive revision over the past 60 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for Resolute Forest Products. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

Resolute Forest Products has a Zacks Rank #1 (Strong Buy), while its Earnings ESP is 0.00%.

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