Cowen Group, Inc. (COWN) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $4.09–$4.76 in the past one-month time frame, showed a sharp decline Friday at $4.21.
This diversified financial services firm has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
COWN currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Financial-Investment Brokerage sector include E*TRADE Financial Corporation (ETFC), Investment Technology Group Inc. (ITG) and Stifel Financial Corp. (SF). Among these stocks, E*TRADE and Investment Technology carry a Zacks Rank #1 (Strong Buy) and Stifel carries a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment