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Web.com Group (WEB) Shows Strength: Stock Moves 8.9% Higher

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Web.com Group, Inc. was a big mover last session, as its shares rose almost 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range $19.30 to $22.00 in the past one-month time frame.

Over the last 30 days, the company witnessed two positive and two negative estimate revisions. The Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. 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.

Web.com Group currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

A better-ranked stock in the Internet – Services space is Alphabet Inc. (GOOGL - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is WEB going up? Or down? Predict to see what others think: Up or Down

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