Tesla Motors, Inc.
) was a big mover last session, as the company saw its shares rise
by nearly 17% on the day. The move came on solid volume too with
far more shares changing hands than in a normal session. This
reverses the recent trend for the company, as the stock is now down
over 18% since Nov 5.
This automaker has seen 3 negative revisions in the past one month.
Also, the Zacks Consensus Estimate moved lower over the same time
frame, suggesting trouble down the road. So make sure to keep an
eye on this stock going forward to see if yesterday's move higher
Tesla Motors currently has a Zacks Rank #3 (Hold) while its
Some better-ranked stocks in the automobile industry include
Honda Motor Co., Ltd.
Ford Motor Co.
). All these stocks carry a Zacks Rank #2 (Buy).
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