Moelis & Company (MC Quick QuoteMC - Free Report) was a big mover last session, as the company saw its shares rise above 5% on the day. The upside was driven by the company’s better-than-expected fourth-quarter 2016 earnings. This led to 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 $33.65 to $35.00 in the past one-month time frame.

In the last 30 days, the company has seen three upward estimate revisions and the Zacks Consensus Estimate moved higher, suggesting that more solid trading could be ahead for Moelis & Company. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.        

Moelis & Company currently carries a Zacks Rank #2 (Buy).

Moelis & Company Price

 

Moelis & Company Price | Moelis & Company Quote

Another well-ranked Financial-Investment Bank stock is The Goldman Sachs Group, Inc. (GS Quick QuoteGS - Free Report) , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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