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Weibo (WB) Soars: Stock Adds 9.6% in Session

Zacks

Weibo Corporation WB was a big mover last session, as the company saw its shares rise nearly 10% 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 $111.76–$136.10 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after the company reported better than expected fourth-quarter 2017 results.

The company has seen no estimate revisions over the past few weeks and 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 currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.


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

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

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