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Weibo (WB) Catches Eye: Stock Jumps 5.8%
Weibo Corporation (WB - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% 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 39.6% in the past one-month time frame.
The company has seen two 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 Weibo. 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.
Weibo currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Weibo Corporation Price
Weibo Corporation price | Weibo Corporation Quote
Investors interested in the Internet - Content industry may consider Perion Network Ltd (PERI - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is WB going up? Or down? Predict to see what others think:Up or Down
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>