Plum Creek Timber Co. Inc. (PCL) was a big mover last session, as the company saw its shares rise nearly 6% on the day. Shares moved up after the company announced the formation of a joint venture with several institutional investors, which would enable them to invest in timberlands it currently manages. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $37.31 to $39.12 since Aug 25.

This Building Products-Wood industry stock witnessed two negative estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.

Plum Creek Timber carries a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

However, a better-ranked stock in the same space is Universal Forest Products Inc. (UFPI), sporting a Zacks Rank #1 (Strong Buy).

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