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LightInTheBox (LITB) in Focus: Stock Jumps 5.3% in Session
LightInTheBox Holding Co., Ltd. (LITB - Free Report) was a big mover last session, as the company saw its shares rise over 5% on the day. Shares gained after the company launched cross-border fulfillment services business for Chinese manufacturers and merchants. The news led to far more shares changing hands than in a normal session resulting in solid volume. This continues the recent uptrend for the company as the stock is now up 29.4% in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
LightInTheBox currently carries a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
LIGHTINTHEBOX-A Price
LIGHTINTHEBOX-A Price | LIGHTINTHEBOX-A Quote
A better-ranked stock in the same industry is GoDaddy Inc. (GDDY - Free Report) , carrying a Zacks Rank #2 (Buy).
Is LITB going up? Or down? Predict to see what others think: Up or Down
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