Back to top

AllianceBernstein (AB) Catches Eye: Stock Moves 5.8% Higher

Read MoreHide Full Article

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.

Is AB going up? Or down? Predict to see what others think: Up or Down

Zacks' Top Investment Ideas for Long-Term Profit

How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

AllianceBernstein Holding L.P. (AB) - free report >>

Virtus Investment Partners, Inc. (VRTS) - free report >>

More from Zacks Tale of the Tape

You May Like