Cowen Group, Inc. ( COWN ) saw a big move last session, as the company's shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for COWN as the stock is now up more than 4% in the past one-month time frame.
This company in financial investment brokerage space has seen a flat track record when it comes to current year estimate revisions over the past few weeks as there were no revisions on either side. The consensus for earnings hasn't been in trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
COWN currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.0%.
Investors interested in the Financial Investment Brokerage industry may consider better-ranked stocks like E*TRADE Financial Corporation ( ETFC ), GAIN Capital Holdings, Inc. ( GCAP ) and Investment Technology Group Inc. ( ITG ). All these stocks carry a Zacks Rank #1 (Strong Buy).
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