Thomson Reuters Corporation TRI was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $43.28 to $44.24 in the past one month time frame.
The upside was driven by the news of Blackstone Group buying a majority stake in Thomson Reuters' Financial and Risk business.
The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Thomson Reuters currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Another stock worth considering in the Technology Services industry is Smiths Group plc SMGZY which carries a Zacks Rank #2.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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