AllianceBernstein Holding L.P. (AB - Free Report) was a big mover last session, as the partnership saw its units rise almost 6% on the day. The move came on solid volume with far more units changing hands than in a normal session. This breaks the recent trend of the partnership, as the stock is now trading above the volatile price range of $20.90–$22.40 in the past one-month time frame.
In the last 30 days, the partnership has seen one downward estimate revision and the Zacks Consensus Estimate also moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
AllianceBernstein currently carries a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
A better-ranked Finance-Investment Management stock is Virtus Investment Partners, Inc. (VRTS - Free Report) , which sports a Zacks Rank #1 (Strong Buy). You can the complete list of today’s Zacks #1 Rank stocks here.
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