DreamWorks Animation (DWA) Looks Good: Stock Up 14.7%

DreamWorks Animation SKG Inc.DWA was a big mover last session, as the company saw its shares rise almost 15% on the day. The upside came on the back of solid third-quarter results posted on Friday which led to more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $19.81 to $21.94 in the past one-month time frame.

The company has seen 1 positive estimate revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading could be ahead. So make sure to keep an eye on this stock going forward to see if Friday's jump can turn into more strength down the road.

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

A better-ranked stock in the same space is Twenty-First Century Fox, Inc. FOX sporting a Zacks Rank #1 (Strong Buy).

Is DWA 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

TWENTY-FIRST CF (FOX): Free Stock Analysis Report

DREAMWORKS ANIM (DWA): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

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.

Other Topics

Investing Stocks