Credit: Shutterstock photoGreen Dot CorporationGDOT was a big mover last session, as the company saw its shares rise 10% on the day. The upside was driven by the company's improved results for the fourth quarter and full-year 2016. Also, this led to far more shares changing hands than in a normal session. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $26.75 to $30.16 in the past one-month time frame.
The company has seen four positive and no negative estimate revisions in the past 30 days. Also, its Zacks Consensus Estimate moved higher over the same timeframe. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future
Green Dot currently sports a Zacks Rank #1 (Strong Buy), while its Earnings ESP is 0.00%.
Green Dot Corporation Price
Green Dot Corporation Price | Green Dot Corporation Quote
Another favorably placed stock in the Financial Transaction Services industry is Envestnet, Inc. ENV , which holds a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Is GDOT going up? Or down? Predict to see what others think: Up or Down
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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Green Dot Corporation (GDOT): Free Stock Analysis Report
Envestnet, Inc (ENV): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
