Global Sources (GSOL) Jumps: Stock Up 11% - Tale of the Tape

By Zacks Equity Research,

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Global Sources Ltd. ( GSOL ) was a big mover last session, as its shares rose roughly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the trend for the company since Apr 4, as the stock is now trading above the volatile price range of $8.01 to $8.75.

In the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Global Sources currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Better-ranked stocks in the Internet content industry include Global Eagle Entertainment Inc. ( ENT ), Taomee Holdings Ltd. ( TAOM ) and YY Inc. ( YY ). All three sport a Zacks Rank #1 (Strong Buy).

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YY INC-ADR (YY): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: ENT , GSOL , TAOM , YY

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