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Fastenal Company (FAST) Climbs: Stock Adds 6% in Session

Zacks Equity Research
Updated

Fastenal Company FAST was a big mover last session, as the company saw its shares rise almost 6% on the day. The upside was driven by the company’s announcement of better-than-expected earnings for fourth-quarter 2016. The news also led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $46.17 to $48.53 in the past one-month time frame.

None of the estimates for this stock were revised in the last 30 days, while the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Fastenal Company (FAST) carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Fastenal Co. Price

 

Fastenal Co. Price | Fastenal Co. Quote

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A better-ranked stock in the same industry is Lumber Liquidators Holdings, Inc. LL, carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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Fastenal Co. (FAST): Free Stock Analysis Report
 
Lumber Liquidators Holdings Inc. (LL): Free Stock Analysis Report
 
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Zacks Investment Research