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Weibo (WB) Soars: Stock Adds 9.6% in Session


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Weibo Corporation WB was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $111.76-$136.10 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after the company reported better than expected fourth-quarter 2017 results.

The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

Weibo Corporation Price

Weibo Corporation Price | Weibo Corporation Quote

A better-ranked stock in the Internet - Content industry is Shutterfly, Inc. SFLY , which currently carries a Zacks Rank #1 (Strong Buy). You can see  the complete list of today's Zacks #1 Rank stocks here .

Is WB going up? Or down? Predict to see what others think: Up or Down

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Shutterfly, Inc. (SFLY): Free Stock Analysis Report

Weibo Corporation (WB): 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 Symbols: SFLY , WB



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