Vipshop Holdings Limited (NYSE:VIPS) 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 continues the recent uptrend for the company—as the stock is now up 60.5% in the past one-month time frame.
The move came after Tencent Holdings and JD.com disclosed that they have made considerable investments in the online discount retail company.
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.
Vipshop Holdings currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the Internet - Delivery Services industry is Asure Software, Inc. (NASDAQ:ASUR) , holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Asure Software Inc (ASUR): Free Stock Analysis Report
Vipshop Holdings Limited (VIPS): Free Stock Analysis Report
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