Global Eagle Entertainment Inc. (ENT) was a big mover last session, as the company saw its shares rise by over 11% 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 30.4% in the past one-month time frame.
In the past 30 days, one estimate has seen a downward revision, and the Zacks Consensus Estimate has also moved down, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
Global Eagle Entertainment currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some of the better performing stocks in the same industry are SINA Corporation (SINA), Spark Networks, Inc. (LOV) and Brightcove, Inc. (BCOV). While SINA holds a Zacks Rank #1 (Strong Buy), Spark and Brightcove carry a Zacks Rank #2 (Buy).
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