Weibo Corporation (NASDAQ: WB) stock jumped 5.8% yesterday. The move came on solid volume, as far more shares of WB changed hands than usual. The surge marked a continuation of the recent uptrend by WB stock. Weibo stock is now up 35% in the past-month.
Two analysts have raised their estimates for WB in the past few weeks. The Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more gains could be ahead for Weibo stock. So, make sure to keep an eye on WB stock going forward to see if this recent jump leads to more strength down the road.
Weibo currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
WB Stock Price
Investors interested in the Internet – Content industry may consider Perion Network (NASDAQ: PERI), which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is WB going up? Or down? Predict to see what others think:Up or Down
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don’t buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
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
Weibo Corporation (WB): Free Stock Analysis Report
Perion Network Ltd (PERI): Free Stock Analysis Report
