Acxiom Corporation (ACXM) was a big mover last session, as the company saw its shares rise nearly 9% on the day. Shares gained on the company’s announcement of in-line earnings and better than expected revenues in the first quarter of fiscal 2016. The news led to far more shares changing hands than in a normal session resulting in solid volume. This continues the recent uptrend for the company as the stock is now up 16.5% in the past one-month time frame.
None of the estimates for this IT services stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Acxiom Corporation currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the same industry is CDW Corporation (CDW), carrying a Zacks Rank #2 (Buy).
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