Fastenal Company (FAST - Free Report) was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $47.69 to $53.48 in the past one-month time frame.
The move came after the company reported solid second-quarter 2018 results.
The company has not seen any estimate revisions over the past month, while the Zacks Consensus Estimate for the current quarter also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Fastenal currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
Investors interested in the Building Products – Retail industry may consider GMS Inc. (GMS - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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