U.S. Markets closed

Navient (NAVI) Catches Eye: Stock Jumps 9.5%

Zacks Equity Research

Navient Corporation NAVI was a big mover last session, as the company saw its shares rise nearly 10% 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 $13.42 to $13.86 in the past one-month time frame.

The move came after the company reported better-than-expected fourth-quarter 2019 results.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Navient. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Navient currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.

Navient Corporation Price

Navient Corporation Price

Navient Corporation price | Navient Corporation Quote

Investors interested in the Financial - Consumer Loans industry may consider Elevate Credit, Inc. ELVT, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

The Hottest Tech Mega-Trend of All

Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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
 
Navient Corporation (NAVI) : Free Stock Analysis Report
 
Elevate Credit, Inc. (ELVT) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research