Renren Inc. was a big mover last session, as its shares rose more than 20% on the day. The move came after the company announced it will spin off social video site woxiu.com. This led to 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 $1.82 to $2.06 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.

Renren currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

RENREN INC-ADR Price

 

RENREN INC-ADR Price | RENREN INC-ADR Quote

A better-ranked stock in the internet services-delivery space is LightInTheBox Holding Co., Ltd. (LITB Quick QuoteLITB - Free Report) , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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