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Match Group (MTCH) Looks Good: Stock Adds 10% in Session

Zacks

Match Group MTCH was a big mover last session, as the company saw its shares rise 10% 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 $25.13 to $27.75 in the past one-month time frame.

The move came after the company reported solid third-quarter 2017 revenues, and also issued a robust outlook backed by Tinder’s strength.

The company has not seen any estimate revisions in the past one month, while its Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Match Group currently has a Zacks Rank #3 (Hold), while its Earnings ESP is positive.

Match Group, Inc. Price

Match Group, Inc. Price | Match Group, Inc. Quote


A better-ranked stock in the Internet – Services industry is Limelight Networks, Inc. LLNW, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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