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Momo Inc. (MOMO) Soars: Stock Adds 9.9% in Session
Momo Inc. (MOMO - Free Report) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $22.56–$32.94 in the past one-month time frame, witnessed a sharp increase yesterday.
Momo Inc. has seen the Zacks Consensus Estimate for the current quarter being revised downward in the past two months, 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.
The company currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Momo Inc. Price and Consensus
Momo Inc. Price and Consensus | Momo Inc. Quote
A better ranked stock in the Zacks Internet - Software and Services industry is Bazaarvoice, Inc. (BV - Free Report) which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is MOMO going up? Or down? Predict to see what others think: Up or Down
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