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TD Ameritrade (AMTD) Catches Eye: Stock Jumps 9%

Zacks Equity Research
·2-min read

TD Ameritrade Holding Corporation AMTD was a big mover last session, as the company saw its shares rise 9% 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 $33.59 to $41.37 in the past one-month time frame.

This move came after the Justice Department approved the buyout deal of TD Ameritrade by Charles Schwab.

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 TD Ameritrade. 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.

TD Ameritrade Holding Corporation Price

TD Ameritrade Holding Corporation Price
TD Ameritrade Holding Corporation Price

TD Ameritrade Holding Corporation price | TD Ameritrade Holding Corporation Quote

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TD Ameritrade currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

A better-ranked stock in the Financial – Investment Bank industry is Tradeweb Markets Inc. TW, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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