Weakness Seen in Acuity Brands (AYI): Stock Plunges 14.9% - Tale of the Tape

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Acuity Brands, Inc. ( AYI ) saw a big move last session, as the company's shares fell by nearly 15% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. The stock had gained about 8% from Jun 12 to Jun 30, but then it dropped sharply by about 15%.

The lighting 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 on this firm in the near future, and especially on earnings estimates following the recent slump.

AYI currently has a Zacks Rank #3 (Hold).

Investors interested in the construction sector may consider better-ranked stocks like Armstrong World Industries, Inc. ( AWI ), Gibraltar Industries, Inc. ( ROCK ) and Tutor Perini Corporation ( TPC ). All these stocks carry a Zacks Rank #1 (Strong Buy).

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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

ACUITY BRANDS (AYI): Free Stock Analysis Report

GIBRALTAR INDUS (ROCK): Free Stock Analysis Report

ARMSTRONG WORLD (AWI): Free Stock Analysis Report

TUTOR PERINI CP (TPC): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: AYI , ROCK , AWI , TPC

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