Castlight Health, Inc. CSLT was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume 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 $3.20 to $4.39 in the past one-month time frame.
This Internet software industry stock witnessed three positive estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for Castlight Health. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Castlight Health has a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00%.
Investors interested in the space may also consider Paylocity Holding Corporation PCTY sporting a Zacks Rank #1 (Strong Buy).
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