Viggle Inc. (VGGL) saw a big move last session, as the company’s shares fell by over 18% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for VGGL, as the stock is now down almost 28% since Jun 2, 2014.
The internet services company has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), 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 on this firm in the near future, and especially on earnings estimates following the recent slump.
VGGL currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the same industry may consider better-ranked stocks like Cvent, Inc. (CVT), DTS Inc. (DTSI) and Rally Software Development Corp. (RALY). All these stocks carry a Zacks Rank #1 (Strong Buy).
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