Shanda Games Limited (GAME) was a big mover last session with its shares rising 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 uptrend for the company as the stock is now up over 16% in the last five trading sessions.
This developer of online games has seen three positive estimate revisions in the last 60 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies more solid trading ahead for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.
Shanda Games currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Internet Content industry are YY Inc. (YY), Zillow, Inc. (Z) and Tucows Inc. (TCX). While YY sports a Zacks Rank #1 (Strong Buy), Zillow and Tucows carry the same Zacks Rank as Shanda Games.
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