Weibo Corporation (WB) was a big mover last session, as the company saw its shares rise roughly 7% 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 3.2% since May 19, 2015.
Though the company has seen no estimate revisions in the past 30 days, its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Weibo Corporation. So make sure to keep an eye on this stock going forward to see if the recent jump can turn into more strength down the road.
Weibo Corporation currently has a Zacks Rank #3 (Hold).
A better-ranked Internet content stock is Tucows Inc. (TCX), sporting a Zacks Rank #1 (Strong Buy).
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