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AAR Corp (AIR) Surges: Stock Moves 8.7% Higher
AAR Corp. (AIR - Free Report) was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 29.4% in the past one-month time frame.
The move came after the company reported better-than-expected fourth-quarter fiscal 2019 earnings.
The company's Zacks Consensus Estimate for the current quarter has moved higher over the past few weeks, suggesting that more solid trading could be ahead for AAR Corp. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
AAR Corp currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
AAR Corp. Price
AAR Corp. price | AAR Corp. Quote
Investors interested in the Aerospace - Defense Equipment industry may consider Heico Corporation (HEI - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is AIR going up? Or down? Predict to see what others think:Up or Down
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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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