Bitauto Holdings Limited was a big mover last session, as the company saw its shares rise almost 11% on the day. The upside was driven by company’s decision to raise USD1 billion in funding from Chinese internet giants to increase sales. Also, this led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up almost 19% in the past one-month time frame.

The company has seen no positive or negative estimate revision in the past 30 days. Also, its Zacks Consensus Estimate remained unchanged over the same timeframe. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Bitauto Holdings currently carries a Zacks Rank #3 (Hold).

Bitauto Holdings Limited Price

Bitauto Holdings Limited Price | Bitauto Holdings Limited Quote

A better-ranked stock in the broader technology sector is Applied Materials, Inc. (AMAT Quick QuoteAMAT - Free Report) , which holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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