Shares of Viacom Inc. (NASDAQ:$VIAB) rose more than 10% at the last session. Not only did we see a rise in shares, but solid volume saw an increase as well, as shares changed hands far more than in any other regular session. This last session has broken the recent trend of the company, with its stock now trading above the volatile price range of $23.30 to $26.70 in the past one-month time frame.

Despite this rise, Viacom has had three negative estimate revisions in the past few weeks, and its Zacks Consensus Estimate for the current quarter has actually moved lower over the past few weeks. This points to trouble in the future, so it will be interesting to keep an eye on Viacom’s stock to see whether or not this recent move higher will end up lasting.

Viacom currently has a Zacks Rank #3 (Hold), and its Earnings ESP is 0.00%.

Featured Image: twitter

Author Samara Malkin

About the author: Samara graduated from Simon Fraser University with a BA in English, minoring in Publishing and Creative Writing. One day she hopes to publish her very own novel, but in the meantime, she contents herself with blogging and editing. She currently specializes in writing financial news and analysis, as well as cryptocurrency news and information.