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Ally Financial (ALLY) Catches Eye: Stock Rises by 7.3%
Ally Financial Inc.(ALLY - Free Report) was a big mover last session, as the company saw its shares rise over 7% on the day. The upside was driven by the company’s announcement of encouraging fourth-quarter results. This resulted in solid volume with 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 $19.13 to $20.15 in the past one-month time frame.
The company has seen two negative revisions in the past one month, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Ally Financial currently carries a Zacks Rank #5 (Strong Sell).
Ally Financial Inc. Price
Ally Financial Inc. Price | Ally Financial Inc. Quote
A better-ranked stock in the same industry is SLM Corporation (SLM - Free Report) , carrying a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is Ally going up? Or down? Predict to see what others think: Up or Down
Zacks' Top 10 Stocks for 2017
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