Time Warner Inc. ( TWX ) saw a big move last session, as the company's shares fell by nearly 13% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for TWX, as the stock is now down 15% since Jul 21, 2014.
The media and entertainment company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (1 increase, 1 decrease), 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.
TWX currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector include Hanesbrands Inc. ( HBI
), The Marcus Corporation ( MCS
), with a Zack Rank #2 (Buy) and Pearson plc ( PSO
), with a Zacks Rank #2 (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 reportTIME WARNER INC (TWX): Free Stock Analysis ReportPEARSON PLC-ADR (PSO): Free Stock Analysis ReportMARCUS CORP (MCS): Free Stock Analysis ReportHANESBRANDS INC (HBI): Free Stock Analysis ReportTo read this article on Zacks.com click here.