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UTi Worldwide (UTIW) Crumbles: Stock Falls by 5.6%
June 06, 2014

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UTi Worldwide Inc. saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $9.19–$10.28 in the past one-month time frame, showed a sharp decline yesterday at $9.70.

Although this slump was obviously disappointing, the supply chain services and solutions provider has seen 1 positive revision and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for UTIW. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.

UTIW currently has a Zacks Rank #5 (Strong Sell).

Some better-ranked stocks in the Transportation sector include American Airlines Group Inc. (AAL - Free Report) , Alaska Air Group, Inc. (ALK - Free Report) and Delta Air Lines Inc. (DAL - Free Report) . All these stocks carry a Zacks Rank #1 (Strong Buy).

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