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Strength seen in Acacia Research (ACTG): Stock Soars 6.2%
Acacia Research Corporation (ACTG - Free Report) was a big mover last session, as the company saw its shares rise over 6% on the day. The news led to far more shares changing hands than in a normal session, resulting in solid volume. This continues the recent uptrend for the company as the stock is now up 24.6% in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days while the Zacks Consensus Estimate 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.
Acacia Research has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Another better-ranked stock in the same industry is Core-Mark Holding Company, Inc. , holding a Zacks Rank #2 (Buy).
Is ACTG going up? Or down? Predict to see what others think: Up or Down
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