Advertisement
Canada markets close in 2 hours 5 minutes

  • S&P/TSX

    21,843.46
    +135.02 (+0.62%)
     

  • S&P 500

    4,996.61
    -14.51 (-0.29%)
     

  • DOW

    38,083.46
    +308.08 (+0.82%)
     

  • CAD/USD

    0.7278
    +0.0014 (+0.20%)
     

  • CRUDE OIL

    83.58
    +0.85 (+1.03%)
     

  • Bitcoin CAD

    88,812.09
    +2,652.63 (+3.08%)
     

  • CMC Crypto 200

    1,380.54
    +67.92 (+5.18%)
     

  • GOLD FUTURES

    2,410.80
    +12.80 (+0.53%)
     

  • RUSSELL 2000

    1,943.84
    +0.88 (+0.05%)
     

  • 10-Yr Bond

    4.6290
    -0.0180 (-0.39%)
     

  • NASDAQ

    15,419.28
    -182.22 (-1.17%)
     

  • VOLATILITY

    18.63
    +0.63 (+3.50%)
     

  • FTSE

    7,895.85
    +18.80 (+0.24%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • CAD/EUR

    0.6827
    +0.0006 (+0.09%)
     
MARKETS LIVE BLOG:

S&P 500 SLIPS BELOW 5,000; NASDAQ SINKS ON NETFLIX DRAG

Fed's Goolsbee says 'It makes sense to wait' before cutting rates

Ellie Mae (ELLI) Looks Good: Stock Adds 5.8% in Session

Zacks Equity Research
Updated

Ellie Mae, Inc. ELLI was a big mover last session, as the company saw its shares rise almost 6% on the day. The move came after the company released the “Origination Insight Report” that mentioned an increase in the average time to close a loan to 50 total days in 2016. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $61.65–$75.40 in the past one-month time frame.
In the last 30 days, the company has seen no estimate revision, while the Zacks Consensus Estimate moved higher, suggesting that more solid trading could be ahead for Ellie Mae. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.  

Ellie Mae currently sports a Zacks Rank #1 (Strong Buy).

Another well-placed Internet-Software services stock is ChannelAdvisor Corporation ECOM, which sports the same Zacks Rank as Ellie Mae.

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

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
ELLIE MAE INC (ELLI): Free Stock Analysis Report
 
CHANNELADVISOR (ECOM): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research