Rockwell Collins, Inc. was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $126.41 to $133.28 in the past one month time frame.
The move came after the company received an approval from the Chinese government for the $30 billion merger deal with United Technologies.
The company has seen its Zacks Consensus Estimate for the current quarter moved lower over the past few weeks, 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.
Rockwell Collins currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Another stock worth considering in the Aerospace - Defense Equipment industry is Aerojet Rocketdyne Holdings, Inc. (AJRD - Free Report) which 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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