ZTO Express (Cayman) Inc. (ZTO - Free Report) was a big mover last session, as the company saw its shares rise more than 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 25.4% in the past one-month time frame.
The stock was driven after Alibaba Group Holding along with its logistics affiliate Cainiao announced to invest about $1.38 billion in the company.
The company has seen one positive estimate revision in the past month, while its Zacks Consensus Estimate has also moved higher over the same time period, suggesting that more solid trading could be ahead for ZTO Express. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
ZTO Express currently has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
Investors interested in the Transportation - Services industry may consider Echo Global Logistics, Inc. (ECHO - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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