Strength Seen in RealNetworks (RNWK): Stock Jumps 7.7%
RealNetworks Inc. (RNWK) was a big mover last session, as the company saw its shares rise nearly 8% on the day. The upside came on solid volume with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company since Sep 14, as the stock is now down about 20%.
In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
RealNetworks carries a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
A better-ranked internet software stock is Cvent, Inc. (CVT), which sports a Zacks Rank #1 (Strong Buy).
Is RNWK going up? Or down? Predict to see what others think: Up or Down
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REALNETWORKS (RNWK): Free Stock Analysis Report
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