WebMD Health Corp. was a big mover last session, as the company saw its shares rise almost 20% on the day. The move came after the announcement of the company’s buyout by private equity firm – KKR – in a deal worth $2.8 billion. This also 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 $55.19 to $59.64 in the past one-month time frame.
None of the estimates for this stock were revised in the last 30 days and the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Currently, WebMD Health boasts a Zacks Rank #1 (Strong Buy).
Another similarly-ranked stock in the same industry is Angie's List, Inc. (ANGI - Free Report) . You can see the complete list of today’s Zacks #1 Rank stocks here.
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