Weibo Corporation (WB - Free Report) was a big mover last session, as its shares rose almost 25% on the day. The move came after the company announced reported better-than-expected first-quarter 2017 financial results. This led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 55.8% in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also 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.
Weibo currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the Internet – Content space is TheStreet, Inc. , 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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