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MARKETS LIVE BLOG:

STOCKS RISE AS TECHS REVIVE, WITH NETFLIX EARNINGS ON TAP

Tesla shares slide to 52-week low; stock is down roughly 40% year-to-date

Meritor (MTOR) Looks Good: Stock Adds 6.2% in Session

Zacks Equity Research

Meritor, Inc. MTOR 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 continues the recent uptrend for the company—as the stock is now up 16.1% in the past one-month time frame.

The company has seen a mixed track record when it comes to estimate revision of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

Meritor, Inc. Price

Meritor, Inc. Price
Meritor, Inc. Price

Meritor, Inc. price | Meritor, Inc. Quote

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Investors interested in the Automotive - Original Equipment industry may consider BRP Inc. DOOO, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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Meritor, Inc. (MTOR) : Free Stock Analysis Report
 
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To read this article on Zacks.com click here.
 
Zacks Investment Research