Jumei International Holding (JMEI) Rises: Stock Adds 6.8% in Session
Jumei International Holding Limited JMEI was a big mover last session, as the company saw its shares rise nearly 7% on the day. This jump can be attributable to solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company as the stock is down about 17% in the past one-month time frame.
In the last 30 days, the company witnessed 1 downward estimate revision and the Zacks Consensus Estimate lowered over the same time frame, 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 high can last.
Jumei International currently has a Zacks Rank #5 (Strong Sell).
A well-ranked player in the same industry includes Regis Corp. RGS carrying a Zacks Rank #1 (Strong Buy).
Is JMEI going up? Or down? Predict to see what others think: Up or Down
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