K12 (LRN) Jumps: Stock Rises 9.7%
K12 Inc. LRN was a big mover last session, as the company saw its shares rise nearly 10% 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 75.8% in the past one-month time frame.
The upmove came after analysts reflected bullish stance on the stock citing that the company will be a key beneficiary of the "study-at-home" trend courtesy of the coronavirus pandemic.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
K12 Inc Price
K12 currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the Schools industry is Bright Horizons Family Solutions Inc. BFAM, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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