Momo Inc. MOMO was a big mover last session, as the company saw its shares rise nearly 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 29.6% in the past one-month time frame.
The company has seen two positive estimate revisions 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 Momo. 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.
Momo currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
Another stock worth considering in the Computer and Technology sector is Ellie Mae, Inc. ELLI which 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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