Slack Technologies, Inc. (WORK - 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 reverses the recent trend for the company—as the stock is now down 13.3% in the past one-month time frame.
The stock gained following reports that money manager Josh Brown hailed the company as a ‘category killer’ and doubled his position when share prices declined.
The company has seen four negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, 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.
Slack currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Slack Technologies, Inc. Price
Investors interested in the Technology Services industry may consider CPI Card Group Inc. (PMTS - 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 WORK going up? Or down? Predict to see what others think:Up or Down
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