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Momo Inc. (MOMO) Worth a Look: Stock Adds 9.2% in Session

Momo Inc. MOMO was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on solid volume 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 $36.77 to $40.11 in the past one-month time frame.

None of the estimates for this stock were revised in the last 30 days, while the Zacks Consensus Estimate moved higher suggesting solid trading down the road.  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.

Currently, Momo Inc. carries a Zacks Rank #3 (Hold).

Momo Inc. Price

 

Momo Inc. Price | Momo Inc. Quote

A better-ranked stock in the same industry is 58.com Inc. WUBA, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Momo Inc. (MOMO): Free Stock Analysis Report
 
58.com Inc. (WUBA): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

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