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CIT Group (CIT) Looks Good: Stock Adds 6.1% in Session

Zacks Equity Research

CIT Group Inc. CIT 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 breaks the recent trend of the company, as the stock is now trading above the volatile price range of $46.11 to $51.10 in the past one-month time frame.

The move came after the company reported solid first-quarter 2019 results.

The company has seen one negative estimate revisions 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.

CIT Group currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

CIT Group Inc. Price

CIT Group Inc. Price | CIT Group Inc. Quote

Investors interested in the Financial - Miscellaneous Services industry may consider Houlihan Lokey, Inc. HLI, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is CIT going up? Or down? Predict to see what others think:Up or Down

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