XL Group Ltd (XL - Free Report) was a big mover last session, as the company saw its shares rise almost 6% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 13.6% in the past one-month time frame.
The company has seen two negative estimate revisions in the past one month, while its Zacks Consensus Estimate for the current quarter has also moved lower over the same time period, 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.
XL Group currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
A better-ranked stock in the Insurance - Property and Casualty industry is Atlas Financial Holdings, Inc. (AFH - Free Report) , which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is XL going up? Or down? Predict to see what others think: Up or Down
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