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Ferroglobe (GSM) Looks Good: Stock Adds 9.2% in Session


Ferroglobe PLC GSM 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. The stock picked up sharply from the near-flat trend of $13.07 to $13.53 in the past one-month time frame.

The move came after the company issued updates on two of its trade cases in the United States and Canada.

The company has not seen any estimate revisions over the past month, while the Zacks Consensus Estimate for the current quarter has moved higher. The recent price action is encouraging, so make sure to keep a close watch on this firm in the near future.

Ferroglobe currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

Ferroglobe PLC Price

Ferroglobe PLC Price | Ferroglobe PLC Quote

A better-ranked stock in the Chemical – Specialty industry is AdvanSix Inc. ASIX, 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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