NOW (DNOW) in Focus: Stock Moves 7.1% Higher
NOW Inc. DNOW was a big mover last session, as the company saw its shares rise more than 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 $4.43 to $5.32 in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revisions of one increase and no decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged.
NOW currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
NOW Inc. Price
A better-ranked stock in the Oils-Energy sector is CNX Resources Corporation CNX, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.
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CNX Resources Corporation. (CNX): Free Stock Analysis Report
NOW Inc. (DNOW): Free Stock Analysis Report
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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.