NetEase, Inc. NTES was a big mover last session, as the company saw its shares rise more than 6% 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 trend for the company—as the stock is now up 18% in the past one-month time frame.
The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, 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.
NetEase currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
NetEase, Inc. Price
NetEase, Inc. price | NetEase, Inc. Quote
A better-ranked stock in the Internet - Software and Services industry is 58.com Inc. WUBA, 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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