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Momo Inc (MOMO - Free Report) was a big mover last session, as the company saw its shares rise over 11% 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 $24.48–$27.94 in the past one-month time frame, witnessed a sharp increase yesterday.
MOMO has seen one negative estimate revision over the past two months. The Zacks Consensus Estimate for the current quarter has also revised downward over the same time frame, 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.
MOMO currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESPis 0.00%.
Is MOMO going up? Or down? Predict to see what others think: Up or Down
Zacks Top 10 Stocks for 2018
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MOMO in Focus: Stock Moves 11.2% Higher
Momo Inc (MOMO - Free Report) was a big mover last session, as the company saw its shares rise over 11% 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 $24.48–$27.94 in the past one-month time frame, witnessed a sharp increase yesterday.
MOMO has seen one negative estimate revision over the past two months. The Zacks Consensus Estimate for the current quarter has also revised downward over the same time frame, 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.
MOMO currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESPis 0.00%.
Momo Inc. Price and Consensus
Momo Inc. Price and Consensus | Momo Inc. Quote
A better ranked stock in the Software and Services industry is Sabre Corporation (SABR - 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
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>