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


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

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