A-Mark Precious Metals, Inc.AMRK was a big mover last session, as the company saw its shares rise over 7% on the day. Shares gained after the company reported better-than-expected first-quarter fiscal 2016 results. The news led to far more shares changing hands than in a normal session resulting in solid volume. This continues the recent uptrend for the company as the stock is now up 14.6% in the past one-month time frame.
The company has seen one positive revision in the past one month, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for this stock. So make sure to keep an eye on this precious metal/jewelry stock going forward to see if this recent jump can turn into more strength down the road.
A-Mark Precious Metals currently sports a Zacks Rank #1 (Strong Buy).
Another favorably placed stock in the broader consumer discretionary sector is AMC Networks Inc. AMCX , sharing the same rank as A-Mark.
Is AMRK going up? Or down? Predict to see what others think: Up or Down
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 report >>
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 report
AMC NETWORKS- A (AMCX): Free Stock Analysis Report
A-MARK PRECIOUS (AMRK): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
