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Meritor, Inc. was a big mover last session, as its shares rose over 6% on the day. The move came after the company reported robust third-quarter fiscal 2017 results. This led to far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $16.66 to $18.04 in the past one month time frame.
Over the last 30 days, the company witnessed one positive estimate revision. The Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Is MTOR going up? Or down? Predict to see what others think: Up or Down
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>
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Meritor (MTOR) Shows Strength: Stock Moves 6.2% Higher
Meritor, Inc. was a big mover last session, as its shares rose over 6% on the day. The move came after the company reported robust third-quarter fiscal 2017 results. This led to far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $16.66 to $18.04 in the past one month time frame.
Over the last 30 days, the company witnessed one positive estimate revision. The Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Meritor currently carries a Zacks Rank #2 (Buy).
Meritor, Inc. Price
Meritor, Inc. Price | Meritor, Inc. Quote
Another top-ranked stock in the Automotive - Original Equipment space is Allison Transmission Holdings, Inc. (ALSN - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is MTOR going up? Or down? Predict to see what others think: Up or Down
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>