Molycorp, Inc. (MCP) saw a big move last session, as the company’s shares fell by almost 17% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for MCP, as the stock is now down over 36% since Jun 19, 2014.
The metal products company has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
MCP currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same sector include Noranda Aluminum Holding Corp. (NOR), Reliance Steel & Aluminum Co. (RS) and MAG Silver Corp. (MVG). All these stocks hold a Zacks Rank #2 (Buy).
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MOLYCORP INC (MCP): Free Stock Analysis Report
NORANDA ALUMINUM HOLDINGS CORP (NOR): Free Stock Analysis Report
RELIANCE STEEL & ALUMINUM CO (RS): Free Stock Analysis Report
MAG SILVER CORP (MVG): Free Stock Analysis Report
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Molycorp Slumps: MCP Falls 16.8% in Session
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