Mercer International Inc. ( MERC ) was a big mover last session, as the company saw its shares rise by roughly 8% 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 of the company as the stock has now gained almost 25% since Apr 25.
This paper & paper products company has seen one negative estimate revision over the past 30 days and its Zacks Consensus Estimate has gone down 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 move higher can last.
Mercer International has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the consumer goods sector include Caesars Acquisition Company ( CACQ ), Lions Gate Entertainment Corp. ( LGF ) and Electrolux AB ( ELUXY ). All these stocks carry a Zacks Rank #1 (Strong Buy).
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