BGC Partners, Inc. (BGCP) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above the volatile price range of $6.10–$6.65 in the past one-month time frame.
This investment brokerage firm witnessed one positive estimate revision over the past 60 days. The Zacks Consensus Estimate however remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
BGC Partners has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same sector include Investment Technology Group Inc. (ITG), LPL Financial Holdings Inc. (LPLA), E*TRADE Financial Corporation (ETFC). While Investment Technology Group and LPL Financial Holdings sport a Zacks Rank #1 (Strong Buy), E*TRADE Financial Corp. holds a Zacks Rank #2 (Buy).
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