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Everyday Health (EVDY) Catches Eye: Stock Jumps 11.2%

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Everyday Health, Inc. was a big mover last session, as its shares rose a little more than 11% on the day. The move came after the company agreed to be acquired by Ziff Davis for $10.50 in cash per share, representing an enterprise value of $465 million. 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 $7.69 to $9.40 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.

Everyday Health currently carries a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Another favorably-ranked stock in the internet content space is SINA Corporation , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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