Weibo Corporation (WB) Catches Eye: Stock Jumps 9.8%
Weibo Corporation WB was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on 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 $168.78 to $181.07 in the past one-month time frame.
The upside came after the company reported that it had about 400 million monthly active users in the third quarter.
The company has not seen any estimate revisions in the past one month, while its Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Weibo currently has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
A better-ranked stock in the Internet – Content industry is Shutterstock, Inc. SSTK, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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