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Strength Seen in Convergys (CVG): Stock Soars 12.6%

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Convergys Corporation (CVG - Free Report) was a big mover last session, as the company saw its shares rise more than 12% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $21.83 to $24.28 in the past one month time frame.

The upside was driven by rumors of a potential buyout of the company.

The company has not seen any estimate revisions over the past month, while the Zacks Consensus Estimate for the current quarter 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.

Convergys currently has a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00%.

Investors interested in the Outsourcing industry may consider TriNet Group, Inc. (TNET - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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