Louisiana-Pacific Corp. ( LPX ) was a big mover last session, as the company saw its shares rise more than 5% on the day. Shares moved up after the company reported a narrower-than-expected loss and beat revenue estimates in the first quarter of 2015. This led to 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 $15.24 to $16.48 in the past one-month time frame.
This building products company witnessed one negative estimate revision over the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's move higher lasts.
Louisiana-Pacific has a Zacks Rank #4 (Sell).
However, a better-ranked stock in the same space is Universal Forest Products Inc. ( UFPI ), carrying a Zacks Rank #2 (Buy).
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