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Momo Inc. (MOMO) Soars: Stock Adds 9.9% in Session

Zacks Equity Research
Updated

Momo Inc. MOMO 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 $22.56–$32.94 in the past one-month time frame, witnessed a sharp increase yesterday.

Momo Inc. has seen the Zacks Consensus Estimate for the current quarter being revised downward in the past two 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.   

The company currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Momo Inc. Price and Consensus

Momo Inc. Price and Consensus | Momo Inc. Quote

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Zacks Investment Research