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MARKETS LIVE BLOG:

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

Fed's Goolsbee says 'It makes sense to wait' before cutting rates

Methanex (MEOH) Surges: Stock Moves 9.1% Higher

Zacks Equity Research
·2 min read

Methanex Corporation MEOH was a big mover last session, as the company saw its shares rise more than 9% 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 57.6% in the past one-month time frame.

The company has seen one negative estimate revision 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.

Methanex currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

Methanex Corporation Price

Methanex Corporation Price
Methanex Corporation Price

Methanex Corporation price | Methanex Corporation Quote

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Zacks Investment Research