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Vipshop (VIPS) Jumps: Stock Rises 9.6%

Zacks Equity Research

Vipshop Holdings Limited VIPS was a big mover last session, as the company saw its shares rise nearly 10% 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 $5.28 to $6.87 in the past one-month time frame.

The move came after a KeyBanc analyst upgraded the stock to “overweight” and also raised its target price.

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.

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

Vipshop Holdings Limited Price

Vipshop Holdings Limited Price | Vipshop Holdings Limited Quote

Investors interested in the Computer and Technology sector may consider Allied Motion Technologies Inc. AMOT, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is VIPS going up? Or down? Predict to see what others think:Up or Down

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