ABM Industries Incorporated (ABM - Free Report) was a big mover last session, as the company saw its shares rise 7% on Friday. 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 $30.35 to $32.98 in the past one-month time frame.
The move came after the company reported solid third-quarter fiscal 2018 results.
The company has seen one negative estimate revision in the past month, while its Zacks Consensus Estimate has also 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.
ABM Industries currently has a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
A better-ranked stock in the Business Services sector is Conduent Incorporated (CNDT - 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.
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