Time New York: Mon 22 Oct 01:42 am  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Party City Holdco (PRTY) in Focus: Stock Moves 7.6% Higher

Zacks

Party City Holdco Inc. PRTY was a big mover last session, as the company saw its shares rise nearly 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 $14.40–$15.40 in the past one-month time frame, witnessed a sharp increase on Friday.

The shares rose after the company posted improved results for fourth quarter of 2017.

The company has seen one positive estimate revisions in the past two months. Its Zacks Consensus Estimate for the current quarter has also revised upward over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Party City Holdco currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESPis positive.


Party City Holdco Inc. Price and Consensus

Another stock worth considering in the Consumer Products – Discretionary industry is Central Garden & Pet Company CENT which sports a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.