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Odyssey Marine (OMEX) Worth Watching: Stock Jumps 7.6%

Zacks Equity Research

Odyssey Marine Exploration Inc. (OMEX) was a big mover last session, as the company saw its shares rise nearly 8% 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 past one month’s volatile price range of $1.99 to $2.20. 

This archaeological exploration company has seen one positive estimate revision in the last 60 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s price action can turn into more strength down the road.

Odyssey Marine currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.

Some other stocks worth considering in the Business Services industry include CopyTele, Inc. (COPY), Avis Budget Group, Inc. (CAR) and Viad Corp. (VVI). All three stocks carry a Zacks Rank #2 (Buy).

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