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American Vanguard (AVD) Looks Good: Stock Moves 6.3% Higher

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American Vanguard Corporation (AVD - Free Report) was a big mover last session, as the company saw its shares rise above 6% on the day. The move came after the company announced the signing of an agreement with Adama Agricultural Solutions Ltd., in order to acquire certain crop protection assets in the U.S. This led to far more shares changing hands than in a normal session. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $15.05 to $16.60 in the past one-month time frame.

The company has seen three negative estimate revisions in the past 30 days. Also, its Zacks Consensus Estimate moved lower over the same timeframe, 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.

American Vanguard currently has a Zacks Rank #4 (Sell).

American Vanguard Corporation Price

 

A better-ranked stock in the Chemical – Specialty industry is BioAmber Inc. , which carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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

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