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CatchMark (CTT) Looks Good: Stock Adds 10.6% in Session

Zacks Equity Research
·2 min read

CatchMark Timber Trust, Inc. CTT was a big mover last session, as the company saw its shares rise nearly 11% 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 $8.30 to $8.90 in the past one-month time frame.

The company has seen one negative estimate revisions 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.

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

CatchMark Timber Trust, Inc. Price

CatchMark Timber Trust, Inc. Price
CatchMark Timber Trust, Inc. Price

CatchMark Timber Trust, Inc. price | CatchMark Timber Trust, Inc. Quote

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