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Yum China Holdings (YUMC) Soars: Stock Adds 10.8% in Session
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Yum China Holdings, Inc. (YUMC - Free Report) was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 10% in the past one-month time frame.
The move came after reports of possible acquisition of the fast-food restaurant company by Hillhouse Capital Group.
The company has seen one negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Yum China Holdings currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
Is YUMC going up? Or down? Predict to see what others think:Up or Down
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
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Yum China Holdings (YUMC) Soars: Stock Adds 10.8% in Session
Yum China Holdings, Inc. (YUMC - Free Report) was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 10% in the past one-month time frame.
The move came after reports of possible acquisition of the fast-food restaurant company by Hillhouse Capital Group.
The company has seen one negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Yum China Holdings currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
Yum China Holdings Inc. Price
Yum China Holdings Inc. Price | Yum China Holdings Inc. Quote
Investors interested in the Retail - Restaurants industry may consider Carrols Restaurant Group, Inc. , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is YUMC going up? Or down? Predict to see what others think:Up or Down
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>