58.com Inc. (WUBA) was a big mover last session, as the company saw its shares rise nearly 9% 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 almost 52% since Feb 25, 2014.
Over the last 30 days, 58.com has seen one positive estimate revision while its Zacks Consensus Estimate moved higher, suggesting more solid trading ahead for the company. 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.
58.com currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Some other Internet services stocks worth considering include Smart Technologies Inc. (SMT), Qihoo 360 Technology Co. Ltd. (QIHU) and Bazaarvoice, Inc. (BV). While Smart Technologies sports a Zacks Rank #1 (Strong Buy), Qihoo and Bazaarvoice have a Zacks Rank #2.
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