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Bankrate (RATE) Crumbles: Stock Falls by 6% - Tale of the Tape

Bankrate, Inc. ( RATE ) saw a big move last session, as the company's shares fell by about 6% 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 downtrend for RATE, as the stock is now down 9% since Mar 3.

On Mar 17, Bankrate provided business update and preliminary selected fourth quarter 2014 highlights.

The internet content company has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

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

Another better-ranked stock in the same sector is Everyday Health, Inc. ( EVDY ) with a Zacks Rank #1 (Strong Buy).

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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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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