Mercury General Corporation (MCY - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 9.3% in the past one-month time frame.
The move came after the company reported solid second-quarter 2017 results.
The company has seen one negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, 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.
Mercury General currently has a Zacks Rank #3 (Hold) while its Earnings ESPis positive.
Mercury General Corporation Price
A better-ranked stock in the Insurance - Property and Casualty industry is Markel Corporation. (MKL - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is MCY going up? Or down? Predict to see what others think: Up or Down
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