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MARKETS LIVE BLOG:

S&P 500 SLIPS BELOW 5,000; NASDAQ SINKS ON TECH DRAG

Nvidia tumbles 10%, Amazon loses more than 2% while Apple ends 1% lower

Martin Marietta (MLM) Looks Good: Stock Adds 8.3% in Session

Zacks Equity Research
Updated

Martin Marietta Materials, Inc. MLM was a big mover last session, as the company saw its shares rise more than 8% 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 8.7% in the past one-month time frame.

The company has seen four 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.

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

Martin Marietta Materials, Inc. Price

Martin Marietta Materials, Inc. Price | Martin Marietta Materials, Inc. Quote

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A better-ranked stock in the Construction sector is North American Construction Group Ltd. NOA, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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Martin Marietta Materials, Inc. (MLM) : Free Stock Analysis Report
 
North American Construction Group Ltd. (NOA) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research