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