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Dominion Diamond (DDC) Looks Good: Stock Adds 5.6% in Session

Zacks

Dominion Diamond Corporation DDC was a big mover last session, as the company saw its shares rise over 5% 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 $12.41 to $12.93 in the past one-month time frame.

The upside was driven by rumors of a higher potential acquisition bid for the company.

The company has not seen any estimate revisions over the past few weeks, and its Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Dominion Diamond currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Dominion Diamond Corporation Price and Consensus

Dominion Diamond Corporation Price and Consensus | Dominion Diamond Corporation Quote


A better-ranked stock in the Basic Materials sector is Agnico Eagle Mines Limited AEM which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is DDC going up? Or down? Predict to see what others think: Up or Down

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