WebMD Health Corp.
was a big mover last session, as the company saw its shares rise by roughly 9% 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 $31.64 to $36.84 in the past one-month time frame.
WebMD, which provides healthcare information services through online portals and publications, has seen strength when it comes to estimate revision. Two estimates have moved north over the last 30 days, pushing the Zacks Consensus Estimate higher. This suggests that more solid trading could be ahead for WebMD. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
WebMD Health currently has a Zacks Rank #2 (Buy) while its Earnings ESP
Investors interested in Internet content companies may also consider stocks like SINA Corporation
(SINA - Free Report
) , Brightcove, Inc.
(BCOV - Free Report
) and XO Group Inc.
(XOXO - Free Report
) . While SINA holds a Zacks Rank #1 (Strong Buy), Brightcove and XO Group carry a Zacks Rank #2.
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