Ally Financial Inc.ALLY was a big mover last session, as the company saw its shares rise over 7% on the day. The upside was driven by the company’s announcement of encouraging fourth-quarter results. This resulted in 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 $19.13 to $20.15 in the past one-month time frame.
The company has seen two negative revisions in the past one month, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Ally Financial currently carries a Zacks Rank #5 (Strong Sell).
A better-ranked stock in the same industry is SLM Corporation SLM, carrying a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is Ally going up? Or down? Predict to see what others think: Up or Down
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