Digital River Inc. (DRIV) was a big mover last session, with shares rising nearly 7% 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 volatile price range of $15.10 to $16.19 since April 23.
This Internet software and services company has seen no estimate revisions in the last 7 days. The Zacks Consensus Estimate hasn’t been in trend either. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.
Digital River currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Better-ranked stocks in the broader technology sector include Qihoo 360 Technology Co. Ltd. (QIHU), iGATE Corp. (IGTE) and PDF Solutions Inc. (PDFS). While QIHU sports a Zacks Rank #1 (Strong Buy), IGTE and PDFS carry a Zacks Rank #2 (Buy).
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