UK Markets open in 5 hrs 5 mins

Weibo (WB) in Focus: Stock Moves 8.3% Higher

Zacks Equity Research
·2-min read

Weibo Corporation WB 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 stock, which remained volatile and traded within the range of $32.54 –$38.45 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen a mixed track record when it comes to estimate revision of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Weibo has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Weibo Corporation Price

Weibo Corporation Price
Weibo Corporation Price

Weibo Corporation price | Weibo Corporation Quote

Investors interested in the Internet - Content industry may consider Brightcove Inc BCOV which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Zacks’ Single Best Pick to Double

From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.

With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.

The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain.

Click Here, See It Free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Brightcove Inc. (BCOV) : Free Stock Analysis Report
Weibo Corporation (WB) : Free Stock Analysis Report
To read this article on click here.
Zacks Investment Research