Credit: Shutterstock photoArch Coal Inc. ( ACI ) was a big mover last session, as the company saw its shares rise nearly 7% on the day. On Jul 2, the company announced a private debt exchange offer, which led to solid volume with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company as the stock is down about 32.1% in the past one-month time frame.
Although in the last 30 days the company witnessed no estimate revisions, the Zacks Consensus Estimate of a loss widened over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent high can last.
Arch Coal currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked player in the same industry includes Rhino Resource Partners LP ( RNO ) with a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ARCH COAL INC (ACI): Free Stock Analysis Report
RHINO RESOURCES (RNO): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
