Global Partners LPGLP saw a big move last session, as the company's shares fell by over 11% 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 GLP, as the stock is now down over 37% in the past one-month time frame.
The oil refining and marketing 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.
GLP currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is positive.
Investors interested in the same industry may consider better-ranked stock like Alon USA Partners, LP ALDW , which carries a Zacks Rank #1 (Strong Buy).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.