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Newmark Group (NMRK) Looks Good: Stock Adds 8.7% in Session

·2 min read

Newmark Group, Inc. NMRK was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is down 64.5% in the past one-month time frame.

The company has seen one negative estimate revision 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.

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

Newmark Group, Inc. Price

Newmark Group, Inc. Price
Newmark Group, Inc. Price

Newmark Group, Inc. price | Newmark Group, Inc. Quote

 

 

A better-ranked stock in the Real Estate - Operations industry is Colliers International Group Inc. CIGI, holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

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