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Resolute Forest (RFP) Crumbles: Stock Falls by 7.0%
May 02, 2014

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Resolute Forest Products Inc. saw a big move last session, as the company’s shares fell by over 7 % on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for RFP, as the stock is down nearly 17% in the last one month.
This slump shouldn’t be too much of a surprise to investors, as the Paper Products provider has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
RFP currently has a Zacks Rank #5 (Strong Sell).
Investors interested in the Basic Materials sector may consider a better-ranked stock like AngloGold Ashanti Ltd. (AU - Free Report) , North American Palladium Ltd. and General Moly, Inc. (GMO - Free Report) . While, AngloGold and General Moly carry Zacks Rank #1 (Strong Buy), North American Palladium holds a Zacks Rank #2 (Buy).
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