Perion Network Ltd. PERI was a big mover last session, as its shares rose roughly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. Yesterday’s rally breaks the recent trend for the company, as the stock is now trading above the volatile price range of $2.18 to $2.50 in the past one-month time frame.
Over the last 30 days, the company witnessed one negative estimate revision and the Zacks Consensus Estimate also moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Perion Network currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the Internet content industry is China Distance Education Holdings Limited DL with a Zacks Rank #1 (Strong Buy).
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