Netflix, Inc. (NASDAQ:NFLX) was a big mover last session, as the company saw its shares rise by over 16% 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 volatile price range of $378.39 to $328.71 in the past one-month time frame.
The company has seen one positive and one negative estimate revision in the past 30 days while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. 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.
Last year was a banner year for hedge funds in general, as the industry attracted $31 billion worth of net inflows, according to data from HFM. That total included a challenging fourth quarter, in which investors pulled more than $23 billion from hedge funds. HFM reported $12 billion in inflows for the first quarter following Read More
Netflix currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Some other Internet commerce stocks worth considering include Autobytel Inc. (ABTL), Amazon.com Inc.(AMZN) and Geeknet, Inc. (GKNT). While Autobytel sports a Zacks Rank #1 (Strong Buy), Amazon and Geeknet have the same Zacks Rank as Netflix.
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