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Nuverra Environmental Solutions (NES) Jumps: Stock Rises 8.2% - Tale of the Tape
Nuverra Environmental Solutions, Inc. ( NES ) was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $15.52 to $16.68 since Dec 18.
Over the past 30 days, while the company has seen two positive revisions, there was one negative revision in the period and the Zacks Consensus Estimate moved lower over the same time frame. This suggests that there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's jump lasts.
Nuverra Environmental Solutions has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
However, better-ranked stocks in the business services sector include Sotheby's ( BID ), Broadridge Financial Solutions, Inc. ( BR ) and Command Center, Inc. ( CCNI ). All these carry a Zacks Rank #1 (Strong Buy).
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