RingCentral (RNG) Looks Good: Stock Adds 7.2% in Session
RingCentral, Inc. RNG was a big mover last session, as the company saw its shares rise more than 7% 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 $257.01 to $294.74 in the past one-month time frame.
The company has seen one positive estimate revision in the past month, while its Zacks Consensus Estimate for the current quarter has also moved higher in the same time frame, suggesting that more solid trading could be ahead for RingCentral. 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.
RingCentral currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
RingCentral, Inc. Price
RingCentral, Inc. price | RingCentral, Inc. Quote
A better-ranked stock in the Internet – Software and Services industry is Criteo S.A. CRTO, which currently 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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