58.com (WUBA) Jumps: Stock Rises 8.8% - Tale of the Tape

by Zacks, Benzinga Contributor
March 10, 2014 9:04 AM | 1 min read |
58.com Inc. WUBA was a big mover last session, as the company saw its shares rise nearly 9% 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 almost 52% since Feb 25, 2014.

Over the last 30 days, 58.com has seen one positive estimate revision while its Zacks Consensus Estimate moved higher, suggesting more solid trading ahead for the company. 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.

58.com currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Some other Internet services stocks worth considering include Smart Technologies Inc. SMT, Qihoo 360 Technology Co. Ltd. QIHU and Bazaarvoice, Inc. BV. While Smart Technologies sports a Zacks Rank #1 (Strong Buy), Qihoo and Bazaarvoice have a Zacks Rank #2.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
 
BAZAARVOICE INC BV: Free Stock Analysis Report
 
QIHOO 360 TECH QIHU: Free Stock Analysis Report
 
SMART TECHNOL-A SMT: Free Stock Analysis Report
 
58.COM INC-ADR WUBA: Get Free Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research
Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Comments
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!