Tesla, Inc. (TSLA - Free Report) was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $275.01 to $306.85 in the past one-month time frame.
The company has seen one negative estimate revision in the past month, while its Zacks Consensus Estimate has also moved lower over the said time frame, 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.
Tesla currently has a Zacks Rank #2 (Buy), while its Earnings ESP is negative.
Investors interested in the Automotive – Domestic industry may consider General Motors Company (GM - Free Report) , which also has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is TSLA going up? Or down? Predict to see what others think: Up or Down
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