58.com Inc. (WUBA) was a big mover last session, as the company saw its shares rise over 12% 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 $39.15 to $46.27 since Mar 21.
The company has seen no estimate revision over the past 30 days and the Zacks Consensus Estimate has not been in a trend either. Yesterday’s jump is encouraging though, so make sure to keep a close watch on this firm in the near future.
58.com currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Other stocks to consider in the Internet software/services industry include Qihoo 360 Technology Co. Ltd. (QIHU), Smart Technologies Inc. (SMT) and Bazaarvoice, Inc. (BV). While Qihoo 360 Technology and Smart Technologies sport a Zcks Rank #1 (Strong Buy), Bazaarvoice has a Zacks Rank #2 (Buy).
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58COM INC (WUBA): Free Stock Analysis Report
QIHOO 360 TECH CO LTD (QIHU): Free Stock Analysis Report
SMART TECH CL A (SMT): Free Stock Analysis Report
BAZAARVOICE INC (BV): Free Stock Analysis Report
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58.com (WUBA) Soars: Stock Adds 12.4% in Session
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