SouFun Holdings Ltd. ( SFUN ) saw a big move last session, as the company's shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend of the company, as SFUN is now trading within the volatile price range of $10.52 to $13.36 in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as the Business Services provider has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
SFUN currently has a Zacks Rank #3 (Hold) while its Earnings ESP
Some better-ranked stocks in the Business Services industry include Avis Budget Group, Inc.
), CopyTele, Inc.
) and ExamWorks Group, Inc.
). While Avis Budget holds a Zacks Rank #1 (Strong Buy), CopyTele and ExamWorks carry a Zacks Rank #2 (Buy).
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportSOUFUN HLDG-ADR (SFUN): Free Stock Analysis ReportAVIS BUDGET GRP (CAR): Free Stock Analysis ReportCOPYTELE INC (COPY): Get Free ReportEXAMWORKS GROUP (EXAM): Free Stock Analysis ReportTo read this article on Zacks.com click here.