First Data Corporation (FDC - Free Report) was a big mover last session, as the company saw its shares rise over 9% on the day. The uptrend was driven by the company’s announcement of encouraging earnings results before the market opened. This resulted in solid volume 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 $13.17 to $14.20 in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revisions of two increases and one decrease over the past one month, while the Zacks Consensus Estimate remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
First Data currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the same industry is Acacia Research Corporation (ACTG - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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