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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.

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