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StoneX (SNEX) in Focus: Stock Moves 5.7% Higher

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Zacks Equity Research
·2 min read
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StoneX Group Inc. SNEX was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $50.59-$64.32 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

StoneX currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

StoneX Group Inc. Price

StoneX Group Inc. Price
StoneX Group Inc. Price

StoneX Group Inc. price | StoneX Group Inc. Quote

A better-ranked stock in the Financial - Miscellaneous Services industry is Alerus Financial Corporation ALRS, holding a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

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