PEGA was a big mover last session, as its shares rose over 8% on the day. The move came after the company announced robust fourth-quarter 2016 earnings. This led to 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 of $38.25 to $41.30 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Pegasystems currently sports a Zacks Rank #3
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