Navient Corporation NAVI was a big mover last session, as the company saw its shares rise 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $13.21–$14.51 in the past one-month time frame, witnessed a sharp increase yesterday.
The move came after the company reported its fourth quarter 2017 results.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Navient. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Navient currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Navient Corporation Price
A better-ranked stock in the Finance sector is Credit Acceptance Corporation CACC, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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