Vale S.A. (VALE - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% 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 $11.41 to $12.64 in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revision of one increase and two decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Vale currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
VALE S.A. Price
Investors interested in the Basic Materials sector may consider Univar Inc. (UNVR - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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