58.com Inc. (WUBA) was a big mover last session, as the company saw its shares rise more than 11% 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 of the company, as the stock is now up 27.4% over the past one-month time frame.
None of the estimates for this Internet software/services stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
58.com has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
Investors interested in the wider computer and technology sector may also consider stocks like Apple Inc. (AAPL), Autodesk, Inc. (ADSK) and Adobe Systems Inc. (ADBE). While Apple and Autodesk sport a Zacks Rank #1 (Strong Buy), Adobe Systems has a Zacks Rank #2 (Buy).
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