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Strength Seen in CGG (CGG): Stock Adds 8.4% in Session

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CGG was a big mover last session, as the company saw its shares rise over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $0.69 to $0.82 since Jun 15, showed a pick-up on Friday at $0.75.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

CGG currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

A better-ranked stock in the same industry is Newpark Resources Inc. (NR - Free Report) , carrying a Zacks Rank #2 (Buy).

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