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Vipshop Holdings Limited (VIPS - 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 continues the recent uptrend for the company—as the stock is now up 60.5% in the past one-month time frame.
The move came after Tencent Holdings and JD.com disclosed that they have made considerable investments in the online discount retail company.
The company has seen two negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few 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.
Vipshop Holdings currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Is VIPS going up? Or down? Predict to see what others think:Up or Down
Zacks’ Best Private Investment Ideas
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Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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Vipshop Holdings (VIPS) Surges: Stock Moves 9.8% Higher
Vipshop Holdings Limited (VIPS - 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 continues the recent uptrend for the company—as the stock is now up 60.5% in the past one-month time frame.
The move came after Tencent Holdings and JD.com disclosed that they have made considerable investments in the online discount retail company.
The company has seen two negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few 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.
Vipshop Holdings currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Vipshop Holdings Limited Price
Vipshop Holdings Limited Price | Vipshop Holdings Limited Quote
A better-ranked stock in the Internet - Delivery Services industry is Asure Software, Inc. (ASUR - Free Report) , holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is VIPS going up? Or down? Predict to see what others think:Up or Down
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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