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DXP Enterprises (DXPE) in Focus: Stock Up 9.3% in Session

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DXP Enterprises, Inc. (DXPE - Free Report) was a big mover last session, as the company saw its shares rise over 9% on the day. Shares gained after the company announced that it has priced a primary public offering of 2,160,000 shares of its common stock at a public offering price of $19.70 per share. The news led to far more shares changing hands than in a normal session resulting in solid volume. This reverses the recent trend for the company as the stock is now down 26.7% since Oct 11.

The company has seen one negative revision in the past one month, 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 this recent move higher can last.

DXP Enterprises currently carries a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.

DXP ENTERPRISES Price

 

A better-ranked stock in the same industry is Chart Industries Inc. (GTLS - Free Report) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is DXPE going up? Or down? Predict to see what others think: Up or Down

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