Vipshop Holdings Limited (NYSE:VIPS) was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $7.87 to $8.47 in the past one month time frame.
The company is expected to report earnings after closing hours today.
The company has seen a flat track record when it comes to estimate revisions over the past few months, 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 Holdingscurrently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the Computer and Technology sector is Bitauto Holdings Limited (BITA), which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Vipshop Holdings Limited (VIPS): Free Stock Analysis Report
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