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Medallion (MFIN) Soars: Stock Moves 9.1% Higher

Zacks

Medallion Financial Corp. MFIN was a big mover last session, as the company saw its shares rise more than 9% 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 $2.19 – $3.60 in the past one-month time frame, witnessed a sharp increase on Friday.

The company has seen two negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Medallion currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.


A better-ranked stock in the Finance sector is Crescent Capital BDC, Inc. CCAP, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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