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Momo Inc. (MOMO) Shows Strength: Stock Moves Up 30.5%

Momo Inc. MOMO was a big mover last session, as its shares rose almost 31% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. Yesterday’s rally reverses the downtrend for the company, as the stock is now down almost 31% in the past one-month time frame.

Over the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

Momo currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Another favorably ranked Internet software stock is Ellie Mae, Inc. ELLI with a Zacks Rank #1 (Strong Buy).

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ELLIE MAE INC (ELLI): Free Stock Analysis Report
 
MOMO INC -ADR (MOMO): Free Stock Analysis Report
 
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