31 DECEMBER 2013www.zacks.com
Noranda Aluminum stock rises 9.8%
Edited by : AL CIRCLE
1 min read
Noranda Aluminum Holding Corp. was a big mover last session, as the company saw its shares rise by nearly 10% 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 for the company, as the stock is now trading above the volatile price range of $2.33 and $2.85 in the past one-month time frame.
This primary aluminum products manufacturer has seen 3 positives and 1 negative in terms of estimate revisions, in the last 2 months and its Zacks Consensus Estimate moved higher over the same time frame. This suggests the possibility of more solid trading ahead. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.
Noranda Aluminum Holding currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
This primary aluminum products manufacturer has seen 3 positives and 1 negative in terms of estimate revisions, in the last 2 months and its Zacks Consensus Estimate moved higher over the same time frame. This suggests the possibility of more solid trading ahead. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.
Noranda Aluminum Holding currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
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