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Cinedigm (CIDM) in Focus: Stock Tumbles 8.6% - Tale of the Tape

Cinedigm Corp. ( CIDM ) saw a big move last session, as the company's shares fell by nearly 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for CIDM, as the stock is now up over 8% in the past one-month time frame.

The entertainment business services provider 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.

CIDM currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the Business Services sector include Avis Budget Group, Inc. ( CAR ), ExamWorks Group, Inc. ( EXAM ) and RPX Corporation ( RPXC ). While Avis Budget Group carry a Zacks Rank #1 (Strong Buy), ExamWorks and RPX Corp hold 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 report

CINEDIGM CORP (CIDM): Free Stock Analysis Report

AVIS BUDGET GRP (CAR): Free Stock Analysis Report

EXAMWORKS GROUP (EXAM): Free Stock Analysis Report

RPX CORP (RPXC): 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.


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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