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NetEase (NTES) Catches Eye: Stock Adds 14.1% in Session

NetEase, Inc.NTES was a big mover last session, as its shares rose a little over 14% on the day. The move came after the Chinese Internet technology company announced strong fourth-quarter 2016 results. This led to far 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 $235.78 to $265.52 in the past one-month time frame.

Over the last 30 days, the company witnessed two positive estimate revisions. The Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday's jump can turn into more strength down the road.

NetEase currently carries a Zacks Rank #2 (Buy).

NetEase, Inc. Price

NetEase, Inc. Price | NetEase, Inc. Quote

Another favorably placed stock in the Internet - Software and Services space is VeriSign, Inc. VRSN , also carrying a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

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NetEase, Inc. (NTES): Free Stock Analysis Report

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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.

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