Standard Pacific Corp. was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on the company’s announcement of solid results for both fourth-quarter and full year 2014. This led to solid volume with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 15.1% since Jan 23, 2015.
The company has seen one negative revision in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday’s move higher can last.
Standard Pacific Corp. currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the residential construction industry is TRI Pointe Homes, Inc. (TPH - Free Report) , sporting a Zacks Rank #1 (Strong Buy).
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