LPL Financial Holdings Inc. (LPLA - Snapshot Report) was a big mover last session, as the company saw its shares rise almost 7% on the day. The news led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $28.65 to $30.89 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 moved lower, suggesting trouble down the road. So, make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
LPL Financial Holdings has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
Another favorably placed stock in the same industry is Stifel Financial Corp. (SF - Snapshot Report) , also sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
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