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Spirit AeroSystems (SPR) Jumps: Stock Rises 7.1%

Zacks Equity Research

Spirit AeroSystems Holdings, Inc. SPR was a big mover last session, as the company saw its shares rise more than 7% 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 $73.34 –$81.37 in the past one-month time frame, witnessed a sharp increase on Friday.

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.

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

Spirit Aerosystems Holdings, Inc. Price

Spirit Aerosystems Holdings, Inc. Price
Spirit Aerosystems Holdings, Inc. Price

Spirit Aerosystems Holdings, Inc. price | Spirit Aerosystems Holdings, Inc. Quote

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Investors interested in the Aerospace - Defense Equipment industry may consider Heico Corporation HEI, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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Heico Corporation (HEI) : Free Stock Analysis Report
 
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