Yahoo Finance Medallia (MDLA) Catches Eye: Stock Jumps 8.2%
Medallia, Inc. MDLA was a big mover last session, as the company saw its shares rise more than 8% 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 $25.01 to $29.41 in the past one-month time frame.
The move came after the company’s latest partnership with Adobe wherein customers will get improved real-time experiences which in turn will increase their purchase frequency.
The company has seen four positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Medallia. 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.
Medallia, Inc. Price
Medallia, Inc. price | Medallia, Inc. Quote
Medallia currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the Computers - IT Services industry is Baozun Inc BZUN, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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