Markets

Fortress Investment Group (FIG) in Focus: Stock Jumps 7.5%

Fortress Investment Group LLCFIG was a big mover last session, as the company saw its shares rise around 8% on the day. Shares gained after the company confirmed the closing of Fortress Macro Funds. The news led to far more shares changing hands than in a normal session resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $5.33 to $5.83 in the past one-month time frame.

The company has seen two negative revisions in the past one month, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Fortress Investment currently carries a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.

A better-ranked investment management stock is Monroe Capital Corporation MRCC , sporting a Zacks Rank #1 (Strong Buy).

Is FIG 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

FORTRESS INVEST (FIG): Free Stock Analysis Report

MONROE CAPITAL (MRCC): 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.

In This Story

MRCC

Other Topics

Investing Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More