InnerWorkings, Inc. 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. The stock picked up sharply from the near-flat trend of $2.82 to $2.86 in the past one month time frame.
This move came after the company approved its merger agreement with HH Global Group Limited, following which InnerWorkings will become a fully-owned subsidiary of the latter.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
InnerWorkings, Inc. Price
InnerWorkings currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the Advertising and Marketing industry is New Media Investment Group Inc (GCI - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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