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Party City (PRTY) Looks Good: Stock Adds 6.2% in Session

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Party City Holdco Inc. PRTY was a big mover last session, as the company saw its shares rise more than 6% 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 for the company—as the stock is now down 5.5% in the past one-month time frame.

The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Party City currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.

Party City Holdco Inc. Price

Party City Holdco Inc. Price | Party City Holdco Inc. Quote

A better-ranked stock in the Consumer Products - Discretionary industry is Vista Outdoor Inc. VSTO, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is PRTY going up? Or down? Predict to see what others think: Up or Down

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