Inter Parfums, Inc. IPAR was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $40.61 –$47.37 in the past one-month time frame, witnessed a sharp increase yesterday.
The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Inter Parfums. 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.
Inter Parfums has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Cosmetics industry may consider Nu Skin Enterprises Inc NUS which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks’ Single Best Pick to Double
From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.
The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain.
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
Nu Skin Enterprises, Inc. (NUS): Free Stock Analysis Report
Inter Parfums, Inc. (IPAR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research