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What Makes Crown Holdings (CCK) a Strong Momentum Stock: Buy Now?
Crown HoldingsCrown Holdings(US:CCK) ZACKSยท2025-05-05 17:05

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Summary: Crown Holdings (CCK) - Crown Holdings currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] - CCK's shares have increased by 8.54% over the past week, outperforming the Zacks Containers - Metal and Glass industry, which rose by 6.63% during the same period [5] - Over the last month, CCK's price change is 16.46%, compared to the industry's 14.7% [5] - In the last three months, CCK shares have risen by 11.48%, and over the past year, they are up 17.57%, while the S&P 500 has moved -5.55% and 13.72%, respectively [6] - The average 20-day trading volume for CCK is 1,370,725 shares, indicating a bullish sign with rising stock prices [7] Earnings Outlook - In the past two months, five earnings estimates for CCK have been revised upwards, while none have been lowered, increasing the consensus estimate from $6.83 to $7.09 [9] - For the next fiscal year, four estimates have moved upwards, with one downward revision noted [9] Conclusion - Considering the positive price trends and earnings outlook, CCK is identified as a 2 (Buy) stock with a Momentum Score of A, making it a strong candidate for near-term investment [11]