NewStar Financial (NEWS) Rises: Stock Adds 6% in Session
NewStar Financial, Inc. NEWS was a big mover last session, as the company saw its shares rise almost 6% on the day. The move came on solid volume 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 13.7% in the past one-month time frame.
The company has seen one positive estimate revision in the last 30 days, while its Zacks Consensus Estimate moved higher suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
NewStar Financial currently carries a Zacks Rank #2 (Buy).
NewStar Financial, Inc. Price
NewStar Financial, Inc. Price | NewStar Financial, Inc. Quote
Another similarly-ranked stock in the same industry is Main Street Capital Corporation MAIN. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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