Synchrony Financial (SYF - Free Report) was a big mover last session, as the company saw its shares rise nearly 11% 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 32.6% in the past one-month time frame.
The move came after the company reported better-than-expected fourth-quarter 2018 results.
The company has seen three positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Synchrony Financial. 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.
Synchrony Financial currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked stock in the Financial - Miscellaneous Services industry is Federated National Holding Company (FNHC - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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