Sotheby's (BID) Looks Good: Stock Adds 13% in Session
Sotheby's BID was a big mover last session, as the company saw its shares rise over 13% on the day. The upside was driven by the surprise surge in company's second-quarter earnings, while also beating revenue forecasts and providing an upbeat outlook. This resulted in 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 over 33% in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Sotheby's currently carries a Zacks Rank #3 (Hold).
SOTHEBYS Price
SOTHEBYS Price | SOTHEBYS Quote
A better-ranked stock in the same industry is Copart, Inc. CPRT, carrying a Zacks Rank #2 (Buy).
Is BID going up? Or down? Predict to see what others think: Up or Down
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