Xoom Corp. (XOOM) in Focus: Stock Surges 21% in Session

Xoom Corporation XOOM was a big mover last session, as the company saw its shares rise more than 21% on the day. Shares moved up after the company received a buyout bid from Paypal. This led to 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 range of $20.35 to $22.50in the past one-month time frame.

None of the estimates for this financial transaction services stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Xoom Corp. has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

However, a better-ranked stock in the same space is Qiwi plc QIWI, sporting a Zacks Rank #1 (Strong Buy).

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