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OneMain Holdings (OMF) Catches Eye: Stock Jumps 10.2%

Zacks

OneMain Holdings, Inc. OMF was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 19% in the past one-month time frame.

The upside could have been driven by a report which stated that the company could be up for sale and was in advanced discussions with several interested parties for the same.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for OneMain Holdings. 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.

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


A better-ranked stock in the Financial sector is BGC Partners, Inc. BGCP, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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