Meritor, Inc. (MTOR - Free Report) was a big mover last session, as its shares rose over 6% on the day. The move came after the company reported robust third-quarter fiscal 2017 results. This led to far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $16.66 to $18.04 in the past one month time frame.
Over the last 30 days, the company witnessed one positive estimate revision. The Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Meritor currently carries a Zacks Rank #2 (Buy).
Another top-ranked stock in the Automotive - Original Equipment space is Allison Transmission Holdings, Inc. (ALSN - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is MTOR going up? Or down? Predict to see what others think: Up or Down
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