Covanta Holding (CVA) Surges: Stock Moves 5.9% Higher

By Zacks Investment ResearchStock MarketsFeb 26, 2018 08:38PM ET

www.investing.com/analysis/covanta-holding-cva-surges-stock-moves-59-higher-200294647

Covanta Holding (CVA) Surges: Stock Moves 5.9% Higher

By Zacks Investment Research | Feb 26, 2018 08:38PM ET

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Covanta Holding Corporation (NYSE:CVA) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $14.45–$16.55 in the past one-month time frame, witnessed a sharp increase yesterday.

Covanta Holding has seen one negative estimate revision over the past two months. The Zacks Consensus Estimate for the current quarter has also revised downward over the same time frame, 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.

Covanta Holding currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Covanta Holding Corporation Price and Consensus

Covanta Holding Corporation Price and Consensus | Covanta Holding Corporation Quote

A better ranked stock in the Oils - Energy sector is Continental Resources, Inc. (NYSE:CLR) which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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Continental Resources, Inc. (CLR): Free Stock Analysis Report

Covanta Holding Corporation (CVA): Free Stock Analysis Report

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Zacks Investment Research

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Covanta Holding (CVA) Surges: Stock Moves 5.9% Higher

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