Published on 21 Jun 2022 on Zacks via Yahoo Finance
Cross Country (CCRN) Stock Jumps 7.1%: Will It Continue to Soar?
Cross Country Healthcare (CCRN) shares ended the last trading session 7.1% higher at $19.09. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 8.3% gain over the past four weeks.
The rise in share prices is attributable to the company's digital transformation and operational efficiency, which have been enabling it to cater to the continuously increasing demand for its services. Increase in demand for healthcare staffing and investments in headcount and technology is positively impacting the company’s business. The recent acquisition of Selected strengthens Cross Country Healthcare’s education business.
This provider of health care staffing and workforce management services is expected to post quarterly earnings of $1.35 per share in its upcoming report, which represents a year-over-year change of +187.2%. Revenues are expected to be $741.9 million, up 123.6% from the year-ago quarter.