Facebook (FB) Looks Good: Stock Adds 8.2% in Session
Facebook, Inc. FB was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 31.7% in the past one-month time frame.
The upmove came following reports that several analysts have provided upbeat views on the company's strong growth potential.
The company has seen 11 positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Facebook. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Facebook currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Facebook, Inc. Price
Investors interested in the Internet - Services industry may consider Dropbox Inc DBX, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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