Qutoutiao (QTT) Catches Eye: Stock Jumps 12%
Qutoutiao Inc. QTT was a big mover last session, as the company saw its shares rise nearly 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 23.1% 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.
Qutoutiao currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Qutoutiao Inc. Price
Qutoutiao Inc. price | Qutoutiao Inc. Quote
Investors interested in the Internet - Software industry may consider a better-ranked stock like Anaplan Inc. PLAN, which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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