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Inovalon (INOV) Jumps: Stock Rises 16.7%
September 13, 2017

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Inovalon Holdings, Inc. (INOV - Free Report) was a big mover last session, as the company saw its shares rise nearly 17% 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 28.1% in the past one-month time frame.

The stock gained after the company has signed a deal with UnitedHealthcare, which has entered into a five-year engagement implementing the Inovalon ONE™ Platform.

The company has seen no estimate revisions over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Inovalon currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.  

A better-ranked stock in the Computers - IT Services industry is CSRA Inc. (CSRA - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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

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