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Envestnet (ENV) Soars: Stock Adds 6.1% in Session

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Envestnet, Inc. (ENV - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $49.90 –$57.68 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after the company announced that it has entered into a strategic relationship deal with BlackRock to boost the investment technology solutions and improve financial advisors experience.

The company has seen a mixed track record when it comes to estimate revision of one increase and two decreases over the past few weeks, while the Zacks Consensus Estimate for the current quarter has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Envestnet currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.

Investors interested in the Financial Transaction Services industry may consider Cardtronics PLC. (CATM - Free Report) , which also has a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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