Taomee Holdings Ltd. (TAOM) was a big mover last session, as the company saw its shares rise by over 20% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above the past one month’s volatile price range of $4.89 to $5.22.
This entertainment and media company has seen one positive estimate revision in the last 60 days, and the Zacks Consensus Estimate has also moved higher over the same period. This implies more solid trading ahead for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.
Taomee Holdings currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
Some other stocks worth considering in the Internet Content industry include Tucows Inc. (TCX), YY Inc. (YY) and XO Group Inc. (XOXO). While XO Group carries a Zacks Rank #2 (Buy), Tucows and YY Inc. hold the same Zacks Rank as Taomee Holdings.
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