Builders FirstSource (BLDR) Soars: Stock Adds 8.4% in Session
Builders FirstSource, Inc. BLDR was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $22.56 –$31.38 in the past one-month time frame, witnessed a sharp increase yesterday.
This move came after Builders FirstSource announced a merger deal with BMC Stock Holdings wherein both the companies will combine to become a premier supplier of building materials and services in the United States.
The company has seen three positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Builders FirstSource. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Builders FirstSource, Inc. Price
Builders FirstSource currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
Another stock worth considering in the Building Products – Retail industry is Tecnoglass Inc TGLS which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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