ACLS and AROW Join Zacks Rank #5 After Being Deemed 'Strong Sells'

On February 14, 2023, Zacks Investment Research adjusted its rankings and included several new stocks to its Rank #5 category, which denotes a 'Strong Sell' recommendation for investors. Notably, Axcelis Technologies, Inc. ACLS and Arrow Financial Corporation AROW found themselves on this list, signaling a bearish outlook from the firm.

A Closer Look at Axcelis Technologies, Inc. ACLS

ACLS, an established player in the semiconductor sector, specializes in the design, manufacturing, and service of ion implantation equipment crucial to semiconductor chip production. The Massachusetts-based company’s addition to the Strong Sell List might influence market sentiment, potentially impacting investor decisions regarding its stock.

Arrow Financial Corporation Faces Headwinds AROW

AROW, the parent company of a suite of banking and financial services, has also been marked with the Zacks Rank #5. Headquartered in New York, its comprehensive offerings in consumer and commercial banking couldn't stave off the designation, possibly reflecting a need for investors to reassess the stock’s position in their portfolios.

ACLS, AROW, Zacks