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Match Group (MTCH) Jumps: Stock Rises 8.1%

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Match Group, Inc. (MTCH - Free Report) was a big mover last session, as the company saw its shares rise more than 8% on the day. 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 $35.23 to $39.88 in the past one month time frame.

The move came after the company reported solid second-quarter 2018 results.

The company has seen no changes when it comes to estimate revision 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.

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

A better-ranked stock in the Internet - Services sector is Exp World Holdings, Inc. (EXPI - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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