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Chicago Bridge & Iron (CBI) Soars: Stock Adds 6.1% in Session

Zacks Equity Research
Updated

Chicago Bridge & Iron Company N.V. CBI was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 95.3% in the past one-month time frame.

The company has seen one negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, 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.

Chicago Bridge & Iron currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Chicago Bridge & Iron Company N.V. Price

Chicago Bridge & Iron Company N.V. Price | Chicago Bridge & Iron Company N.V. Quote

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Chicago Bridge & Iron Company N.V. (CBI) : Free Stock Analysis Report
 
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