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Black Diamond (BDE) Looks Good: Stock Adds 5% in Session
Black Diamond, Inc. was a big mover last session, as the company saw its shares rise a little over 5% on the day. The upside was driven after the company reported third-quarter revenue of $39.4 million, topping Street forecasts. The news also led to far more shares changing hands than in a normal session, resulting in solid volume. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $4.90 to $5.05 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days, while the Zacks Consensus Estimate 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.
Black Diamond carries a Zacks Rank #2 (Buy).
BLACK DIAMOND Price
BLACK DIAMOND Price | BLACK DIAMOND Quote
Another favorably-ranked stock in the same space is Callaway Golf Co. , also carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Is BDE going up? Or down? Predict to see what others think: Up or Down
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