OpenTable, Inc. ( OPEN ) was a big mover last session, as the company saw its shares rise over 48% on the day. The move came on solid volume too with 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 $63.41 to $71.13 in the past one-month time frame. The rally came on the news that Priceline.com has entered into a definitive agreement to acquire OpenTable.
Over the last 30 days, the company has seen no estimate revisions but the Zacks Consensus Estimate moved higher, suggesting more solid trading ahead. 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.
OpenTable currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Other better-ranked Internet software companies that are worth considering at the current levels include Cvent, Inc. ( CVT ), Rally Software Development Corp. ( RALY ) and Synchronoss Technologies, Inc. ( SNCR ). All these stocks sport a Zacks Rank #1 (Strong Buy).
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