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Scientific Games (SGMS) In Focus: Stock Moves 11.3% Higher

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Scientific Games Corporation (SGMS - Free Report) was a big mover last session, as its shares rose over 11% on the day. The move came after analyst Steven Wieczynski at Stifel Nicolaus raised his price target for the stock from $24 to $35. 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 roughly 40% in the past one-month time frame.

Over the last 30 days, the company witnessed one positive estimate revision. The Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

Scientific Games currently carries a Zacks Rank #2 (Buy).

Another top-ranked stock in the Computer – Services space is ARI Network Services, Inc. , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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