World Wrestling Entertainment Inc. (WWE) 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 over 24% in the past one-month time frame.
The company has seen no estimate revision in the past 30 days, while the Zacks Consensus Estimate moved lower over the same time frame. This suggests there may be trouble down the road. So make sure you keep an eye on this stock going forward to see if yesterday’s jump lasts.
World Wrestling Entertainment currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
However, better-ranked stocks in the consumer discretionary sector include Belo Corp. (BLC), Callaway Golf Co. (ELY) and ITT Educational Services Inc. (ESI). All these carry a Zacks Rank #1 (Strong Buy).
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