Enviri (NVRI) Stock Trades Up, Here Is Why
What Happened?
Shares of steel and waste handling company Enviri (NYSE: NVRI)
jumped 3.5% in the afternoon session after a key inflation data aligned with forecasts, bolstering hopes for continued interest rate cuts from the Federal Reserve.
The Personal Consumption Expenditures (PCE) price index, the central bank’s preferred gauge of inflation, showed a slight year-over-year increase in August but did not surprise economists. This report was met with relief on Wall Street, as it suggests inflationary pressures remain contained, giving the Federal Reserve more leeway to continue its monetary easing policy. Investors interpreted the news as a positive sign that the Fed can support the economy without risking runaway inflation. The positive sentiment helped the major indices claw back some of the losses from a recent three-day slide, with stocks rising across various sectors.
After the initial pop the shares cooled down to $12.27, up 2% from previous close.
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What Is The Market Telling Us
Enviri’s shares are very volatile and have had 23 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was 11 months ago when the stock dropped 19.9% on the news that the company reported weak third-quarter earnings. We struggled to find many strong positives in these results. Its EBITDA forecast for the full year missed and its revenue fell short of Wall Street’s estimates. Overall, this was a weaker quarter.
Enviri is up 48% since the beginning of the year, and at $12.27 per share, it is trading close to its 52-week high of $12.51 from September 2025. Investors who bought $1,000 worth of Enviri’s shares 5 years ago would now be looking at an investment worth $878.31.
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