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Alliance Data Systems (ADS) Catches Eye: Stock Jumps 6.4%

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Alliance Data Systems Corporation was a big mover last session, as the company saw its shares rise over 6% on the day. The upside was driven after the company reported strong second-quarter results. This also 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 17.7% since Jul 5.

None of the estimates for this stock were revised over the past 30 days while the Zacks Consensus Estimate moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.

Alliance Data Systems has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%. 

Another better-ranked stock in the same industry is Envestnet, Inc. (ENV - Free Report) holding a Zacks Rank #2 (Buy).

Is ADS going up? Or down? Predict to see what others think: Up or Down

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