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TrueCar (TRUE) Catches Eye: Stock Jumps 5.8%
TrueCar, Inc. (TRUE - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.54 to $5.16 in the past one-month time frame.
The company has seen two positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for TrueCar. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
TrueCar currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
TrueCar, Inc. Price
TrueCar, Inc. price | TrueCar, Inc. Quote
A better-ranked stock in the Internet – Services industry is Dropbox, Inc (DBX - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>