Momo Inc. (MOMO Quick QuoteMOMO - Free Report) was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on 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 $36.77 to $40.11 in the past one-month time frame.

None of the estimates for this stock were revised in the last 30 days, while the Zacks Consensus Estimate moved higher suggesting solid trading down the road.  So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

Currently, Momo Inc. carries a Zacks Rank #3 (Hold).

Momo Inc. Price

 

Momo Inc. Price | Momo Inc. Quote

A better-ranked stock in the same industry is 58.com Inc. , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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