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Wipro (WIT) Catches Eye: Stock Moves Up 5.2% in Session
Wipro Limited (WIT - Free Report) was a big mover last session, as its shares rose over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 19% in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revisions of one increase and one decrease over the last 30 days, while the Zacks Consensus Estimate remained unchanged. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Wipro currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%
Wipro Limited Price
Wipro Limited Price | Wipro Limited Quote
A better-ranked stock in the Business - Software Services space is Synnex Corporation (SNX - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is WIT going up? Or down? Predict to see what others think: Up or Down
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>