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Anthem, Inc. (ANTM) Jumps: Stock Rises 6.2%

Zacks Equity Research
Updated

Anthem, Inc. ANTM was a big mover last session, as the company saw its shares rise more than 6% 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 of $220.32 to $230.73 in the past one-month time frame.

The move came after the company reported solid bottom-line results in first-quarter 2018.

The company has seen three negative estimate revisions in the past month, while its Zacks Consensus Estimate has also moved lower over the said time period, 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.

Anthem currently has a Zacks Rank #2 (Buy), while its Earnings ESP is negative.

Anthem, Inc. Price

Anthem, Inc. Price | Anthem, Inc. Quote

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

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To read this article on Zacks.com click here.
 
Zacks Investment Research