Green Dot (GDOT) Shows Strength: Stock Moves 10% Higher

GDOT ENV

Green Dot Corporation (GDOT - Free Report) was a big mover last session, as the company saw its shares rise 10% on the day. The upside was driven by the company’s improved results for the fourth quarter and full-year 2016. Also, this led to far more shares changing hands than in a normal session. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $26.75 to $30.16 in the past one-month time frame.

The company has seen four positive and no negative estimate revisions in the past 30 days. Also, its Zacks Consensus Estimate moved higher over the same timeframe. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future

Green Dot currently sports a Zacks Rank #1 (Strong Buy), while its Earnings ESP is 0.00%.

 

Another favorably placed stock in the Financial Transaction Services industry is Envestnet, Inc. (ENV - Free Report) , which holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

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