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Ready Capital (RC) Looks Good: Stock Adds 6.1% in Session

Ready Capital Corporation RC 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 stock, which remained volatile and traded within the range of $10.23 – $12.14 in the past one-month time frame, witnessed a sharp increase on Friday.

The company has seen one positive estimate revision in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Ready Capital. 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.

Ready Capital currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.

 

 

Another stock in the Finance sector is Ally Financial Inc ALLY, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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Ally Financial Inc. (ALLY): Free Stock Analysis Report
 
Ready Capital Corp (RC): Free Stock Analysis Report
 
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