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Strength seen in RetailMeNot (SALE): Stock Soars 5.3%
RetailMeNot, Inc. was a big mover last session, as the company saw its shares rise over 5% on the day. 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 54% in the past one-month time frame.
The company has seen four positive estimate revisions over the past 30 days, while the Zacks Consensus Estimate remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
RetailMeNot has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Another better-ranked stock in the same industry is Asure Software, Inc. (ASUR - Free Report) , sporting a Zacks Rank #1 (Strong Buy).
Is SALE going up? Or down? Predict to see what others think: Up or Down
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