Newpark Resources Inc. NR 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 continues the recent uptrend for the company as the stock is now up 37.5% in the past one-month time frame.
The company has seen three positive revisions in the past one month, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for this stock. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Newpark Resources currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the same industry is Unit Corporation UNT, carrying a Zacks Rank #2 (Buy).
Is NR going up? Or down? Predict to see what others think: Up or Down
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