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CI Financial (CIXX) Looks Good: Stock Adds 6% in Session

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CI Financial Corp. (CIXX - Free Report) was a big mover last session, as the company saw its shares rise 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 $11.82 to $13.38 in the past one-month time frame.

The move came after the company reported significant asset growth under management as of Dec 31, 2020.
 
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.

CI Financial currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.  

Investors interested in the Financial - Miscellaneous Services industry may consider Jefferies Financial Group Inc. (JEF - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

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