Moody's Corporation ( MCO ) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $89.32 to $95.36 in the past one-month time frame.
None of the estimates for this stock were revised over the past seven days. The Zacks Consensus Estimate however moved higher over the same time frame, suggesting that more solid trading could be ahead for this industry stock. 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.
Moody's currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked stock in the finance industry is Blackhawk Network Holdings, Inc. ( HAWKB ), sporting a Zacks Rank #1 (Strong Buy).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.