Methanex (MEOH) Surges: Stock Moves 9.1% Higher

Methanex Corporation MEOH was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.This reverses the recent trend for the company—as the stock is now down 57.6% in the past one-month time frame.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Methanex currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.  

Methanex Corporation Price

Methanex Corporation Price

Methanex Corporation price | Methanex Corporation Quote

A better-ranked stock in the Chemical – Diversified industry is Lithium Americas Corp. LAC, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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